Sec. 622.052. PRIZE VALUE LESS THAN $50,000. (a) This chapter does not apply to a sweepstakes in which the value of the most valuable prize is less than $50,000.
(b) For purposes of this section, the value of a prize is the greatest of the prize's:
(1) face value;
(2) fair market value; or
(3) present financial value.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Structure Texas Statutes
Title 13 - Contests and Other Promotions
Subchapter B. Applicability of Chapter
Section 622.051. Chapter Limited to Sweepstakes Conducted Through Mail; Exception
Section 622.052. Prize Value Less Than $50,000
Section 622.053. Advertisement or Insert in Magazine, Newspaper, or Catalog
Section 622.054. Charitable Raffle
Section 622.0545. Savings Promotion Raffle
Section 622.055. Sweepstakes Regulated by Alcoholic Beverage Code
Section 622.056. Company Regulated Under Public Utility Regulatory Act
Section 622.057. Air Carrier; Airman Association
Section 622.058. Certain Recreational Events
Section 622.059. Certain Food Products
Section 622.060. Audiovisual Entertainment Work, Product, or Sound Recording