The bill H. 4137 aims to amend various sections of the South Carolina Code of Laws related to bingo regulations, specifically to support 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 for veterans' organizations in Section 12-21-4020, allowing them to conduct bingo games with specific prize limits and entrance fees. The bill also modifies the requirements for license applicants in Section 12-21-4070, reducing the required period of domicile in the state from three years to two years.

Furthermore, the bill revises the fee structure for bingo card sales in Section 12-21-4190, specifying that Class G license holders will have a unique fee distribution model. It mandates that 60% of the revenue from Class G licenses be allocated to the Veterans' Trust Fund, while the remaining 40% is to be distributed equally among several veteran organizations. This legislation is designed to enhance the support and funding for veterans' organizations through bingo activities, thereby promoting community engagement and financial assistance for veterans. The act will take effect upon approval by the Governor.

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
Latest Version: 12-21-3920, 12-21-4020, 12-21-4030, 12-21-4070, 12-21-4190