H.B. No. 2820 amends Section 2001.451(h) of the Occupations Code to increase the maximum amount of operating capital that licensed authorized organizations can retain in their charitable bingo accounts. The bill raises the limit from $50,000 to $100,000 for both a single organization and for each member of a unit of licensed authorized organizations. This change allows organizations to retain operating capital that is equal to their actual average bingo expenses per quarter, excluding prizes paid, while also providing flexibility for the Texas Commission to establish higher limits if necessary.

The bill stipulates that the new operating capital limit can be adjusted by the bingo operations director upon request to facilitate the operations of an organization or unit. The act is set to take effect immediately if it receives a two-thirds vote from both houses of the legislature; otherwise, it will take effect on September 1, 2025.

Statutes affected:
Introduced: Occupations Code 2001.451 (Occupations Code 2001)
House Committee Report: Occupations Code 2001.451 (Occupations Code 2001)
Engrossed: Occupations Code 2001.451 (Occupations Code 2001)
Senate Committee Report: Occupations Code 2001.451 (Occupations Code 2001)
Enrolled: Occupations Code 2001.451 (Occupations Code 2001)