Current with changes from the 2024 Legislative Session
(a)(1) Notwithstanding any other provision of this subtitle, Subtitle 2 of this title, or Title 13 of this article and except as otherwise provided in this subsection, a bona fide charitable organization in this State may conduct a raffle for the exclusive benefit of the charitable organization if the prize awarded is real property:(i) to which the charitable organization holds title; or(ii) for which the charitable organization has the ability to convey title.(2) A charitable organization may not conduct more than two raffles of real property in a calendar year.(3) The Secretary of State may adopt regulations governing a raffle of real property by a charitable organization under this subsection.(b)(1) Notwithstanding any other provision of this article and except as otherwise provided in this subsection, a political committee or candidate for public office may conduct a raffle if the prizes awarded are money or merchandise.(2)(i) The cost of a raffle ticket under this subsection may not exceed $5.(ii) An individual may not purchase more than $50 worth of tickets.(3) This subsection does not relieve a political committee or candidate from the reporting and record keeping requirements under the Election Law Article.(c) Notwithstanding any other provision of this article, a depository institution, as defined in § 1-211 of the Financial Institutions Article, may conduct a savings promotion raffle under § 1-211 of the Financial Institutions Article.Amended by 2015 Md. Laws, Ch. 95,Sec. 1, eff. 6/1/2015.