Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 621.203 - Required Records for Drawings(a) For each drawing, the offeror shall maintain until the second anniversary of the date the last major prize was awarded:(1) records of the identity and address of each person who is responsible for developing, creating, sponsoring, or implementing any part of the advertising plan or program;(2) records that show that the winning entry for each major prize was selected entirely at random from all of the entries received;(3) a copy of each contest solicitation; and(4) records adequate to determine: (A) the total number of entries;(B) the number of major prizes awarded;(C) the date each major prize was awarded;(D) the name, brand, type, model number, and manufacturer of each prize offered;(E) the method of computing the retail value of each prize;(F) the method of selecting winners; and(G) the names and addresses of the winners.(b) An affidavit from the person who conducted the drawing and a list of winners or recipients of the major prizes satisfies the requirements of Subsection (a)(2).Tex. Bus. and Comm. Code § 621.203
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.