Section 99B.15 - [Renumbered from 99B.15A] Prizes awarded by licensed qualified organizations1. Unless otherwise provided, a prize awarded by a licensed qualified organization shall comply with the following requirements:a. Only merchandise prizes whose value does not exceed ten thousand dollars may be awarded for games of skill and games of chance. If a prize consists of more than one item, unit, or part, the aggregate value of all items, units, or parts shall not exceed ten thousand dollars.b. A merchandise prize shall not be repurchased.c. No prize shall be displayed which cannot be won.d. A cash prize may only be awarded in bingo and raffles.e. A prize shall be distributed on the day the prize is won, except that if the winner is not present, notification to the winner shall be made as soon as practical.2. A licensed qualified organization awarding a prize for bingo is subject to the restrictions provided in section 99B.21. A licensed qualified organization awarding a prize for a raffle is subject to the restrictions provided in section 99B.24. 2015 Acts, ch 99, § 32, 56
Renumbered from Iowa Code s 99B.15A by 2015 Iowa, ch 99,s 56, eff. 7/1/2015.Added by 2015 Iowa, ch 99, s 32, eff. 7/1/2015.Former §99B.15 transferred to §99B.4; 2015 Acts, ch 99, § 56