Bill
Bill > HB1299
TN HB1299
As introduced, enacts the "Sweepstakes Savings Account Act of Tennessee." - Amends TCA Title 39, Chapter 17, Part 5; Title 39, Chapter 17, Part 6 and Title 45.
summary
Introduced
02/06/2019
02/06/2019
In Committee
03/05/2019
03/05/2019
Crossed Over
Passed
Dead
06/19/2020
06/19/2020
Introduced Session
111th General Assembly
Bill Summary
As introduced, enacts the "Sweepstakes Savings Account Act of Tennessee." - Amends TCA Title 39, Chapter 17, Part 5; Title 39, Chapter 17, Part 6 and Title 45.
AI Summary
This bill enacts the "Sweepstakes Savings Account Act of Tennessee," which amends the Tennessee Code Annotated (TCA) to allow financial institutions, such as banks and credit unions, to conduct "savings promotion sweepstakes." These sweepstakes provide prizes to depositors or members who make a specified minimum deposit, known as a "sweepstakes savings deposit," without requiring any additional purchase or value risked. The bill outlines the requirements for these sweepstakes, including the disclosure of prize values and odds of winning, and authorizes the Department of Financial Institutions to promulgate rules to govern the conduct and management of these sweepstakes.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Taken off notice for cal. in Commerce Committee (on 03/26/2019)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1299&ga=111 |
| SB1052 | http://www.capitol.tn.gov/Bills/111/Fiscal/SB1052.pdf |
| BillText | http://www.capitol.tn.gov/Bills/111/Bill/HB1299.pdf |
Loading...