The bill amends Section 99B.15 of the Iowa Code regarding the distribution of prizes awarded by licensed qualified organizations. It specifies that a prize must be distributed on the day it is won; however, if the winner is not present, the notification to the winner must occur within one year of the prize being awarded.

The amendment replaces the previous requirement for notification, which stated it should be made "as soon as practical," thereby establishing a clearer timeframe for when winners must be informed if they are not present at the time of the prize announcement. This change aims to enhance the clarity and efficiency of prize distribution processes for licensed organizations.

Statutes affected:
Introduced: 99B.1, 99B.24
Reprinted: 99B.15
Enrolled: 99B.15