Tex. Occ. Code § 2004.003 · Chapter 2004. PROFESSIONAL SPORTS TEAM CHARITABLE FOUNDATION RAFFLES
QUALIFICATIONS TO CONDUCT RAFFLE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A professional sports team charitable foundation is qualified to conduct charitable raffles under this chapter if the foundation:
(1) is associated with a professional sports team with a home venue or rodeo venue located in this state;
(2) does not distribute any of its income to its members, officers, or governing body, other than as reasonable compensation for services;
(3) has existed for at least the three years preceding the conduct of a raffle under this chapter;
(4) does not devote a substantial part of its activities to attempting to influence legislation and does not participate or intervene in any political campaign on behalf of any candidate for public office in any manner, including by publishing or distributing statements or making campaign contributions;
(5) qualifies for and has obtained an exemption from federal income tax from the Internal Revenue Service as a charitable organization described in Section 501(c)(3), Internal Revenue Code of 1986; and
(6) does not have or recognize any local chapter, affiliate, unit, or subsidiary organization in this state.
Notes and commentary — not statutory text
History
Amended by:
Acts 2021, 87th Leg., R.S., Ch. 483 (H.B. 3012), Sec. 2, eff. December 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2004.htm
- Text hash
- sha256 2a90f1bb4f50c73bc22e032bf844f35133b70187cbdbd60a179ca195c52e218f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Occ. Code § 2004.003. Each shows the citation as that text prints it.
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