6557-S AMH CL MADS 1

SSB 6557 - H COMM AMD ADOPTED 2-29-00

By Committee on Commerce & Labor

     On page 2, line 32, after "law." insert "All revenue less prizes and expenses received from raffles conducted by credit unions must be devoted to purposes authorized under this section for charitable and nonprofit organizations."

EFFECT:  Limits the use of revenue generated from raffles by credit unions to those purposes authorized for charitable or nonprofit organizations under the gambling law.