The bill H. 4137 aims to amend the South Carolina Code of Laws to enhance the regulation of bingo games operated by veterans' organizations. It introduces new definitions for "Veterans' Trust Fund" and "Veteran's Organization" in Section 12-21-3920, establishing criteria for what constitutes a veteran's organization. Additionally, it creates a new Class G bingo license specifically for veterans' organizations, allowing them to conduct bingo games with prizes up to $8,000 per session, and imposes a $1,000 fee for this license. The bill also stipulates that Class G license holders may charge a $5 entrance fee for their bingo games.

Further amendments include a change in the domicile requirement for license applicants, reducing the necessary period from three years to two years, and adjustments to the fees charged for bingo cards sold under various license classes. Notably, for Class G licenses, the bill mandates that 60% of the revenue generated be allocated to the Veterans' Trust Fund, while the remaining 40% is to be distributed equally among several veteran organizations. The bill is set to take effect upon the Governor's approval.

Statutes affected:
03/05/2025: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190
03/14/2025: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190
04/30/2025: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190
05/01/2025: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190
05/05/2025: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190
Latest Version: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190