l9n/ Mississippi

2011 Regular Session

House Bill 1361

Credit unions; authorize to conduct savings promotion raffles.

Did not become law. It stopped in the House of Representatives's Banking and Financial Services Committee on February 1, 2011. The 2011 session has ended.

What it does

The synopsis the Legislature published with the bill.

AN ACT TO AMEND SECTION 81-13-11, MISSISSIPPI CODE OF 1972, TO AUTHORIZE CREDIT UNIONS TO CONDUCT SAVINGS PROMOTION RAFFLES; TO DEFINE "SAVINGS PROMOTION RAFFLE" AS A RAFFLE CONDUCTED BY A CREDIT UNION WHERE THE SOLE CONSIDERATION REQUIRED FOR A CHANCE OF WINNING DESIGNATED PRIZES IS THE DEPOSIT OF AT LEAST A SPECIFIED AMOUNT OF MONEY IN A SAVINGS ACCOUNT OR OTHER SAVINGS PROGRAM OFFERED BY THE CREDIT UNION; TO PROVIDE THAT THE CREDIT UNION SHALL CONDUCT A SAVINGS PROMOTION RAFFLE SO THAT EACH TOKEN OR TICKET REPRESENTING AN ENTRY IN THE RAFFLE HAS AN EQUAL CHANCE OF BEING DRAWN; TO PROVIDE THAT A CREDIT UNION SHALL NOT CONDUCT A SAVINGS PROMOTION RAFFLE IN A MANNER THAT JEOPARDIZES THE CREDIT UNION'S SAFETY AND SOUNDNESS OR MISLEADS ITS MEMBERS; TO AUTHORIZE THE COMMISSIONER OF BANKING TO EXAMINE THE CONDUCT OF A SAVINGS PROMOTION RAFFLE, AND TO ISSUE CEASE AND DESIST ORDERS FOR VIOLATIONS OF THIS ACT; TO AMEND SECTIONS 97-33-31 THROUGH 97-33-49, MISSISSIPPI CODE OF 1972, TO EXEMPT SAVINGS PROMOTION RAFFLES CONDUCTED BY CREDIT UNIONS FROM THE CRIMINAL PROHIBITIONS AGAINST LOTTERIES AND RAFFLES; AND FOR RELATED PURPOSES.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

January 17 to February 1, 2011, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action2 actions on 2 days

In the House of RepresentativesJan 17 to Feb 1 · stopped15 days

Banking and Financial ServicesJan 17 to Feb 1 · stopped15 days

Text

Each version as the Legislature printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislature published it is below.

In the House of Representatives Jan 17 – Feb 1

  1. Jan 17Referred to the House committees on Banking and Financial Services and on Gaming
  2. Feb 1Died in committee in the House
All 2 actions, as published
  1. Jan 17Referred To Banking and Financial Services;GamingHouse of Representatives
  2. Feb 1Died In CommitteeHouse of Representatives