A BILL TO BE ENTITLED
AN ACT to increase the total appraised value of all real estate prizes offered during a calendar year by a nonprofit organization as part of a raffle.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 14‑309.15(g) reads as rewritten:
"(g)	Real property may be offered as a prize in a raffle. The total appraised value of all real estate prizes offered by any nonprofit organization shall not exceed two million dollars ($2,000,000) in any calendar year."
SECTION 2.  This act is effective when it becomes law and applies to raffles conducted on or after that date.