2015-2016 Regular Session - SB 403
"Sweepstakes Savings Account Act of Georgia"; establishment of sweepstakes savings accounts by financial institutions
First Reader Summary
A BILL to be entitled an Act to amend Chapter 1 of Title 7 of the Official Code of Georgia Annotated, relating to financial institutions, so as to provide for the establishment of sweepstakes savings accounts by financial institutions; to provide for definitions; to provide for rule making authority for the Department of Banking and Finance regarding such accounts; to provide for advertising requirements for such accounts; to amend Code Section 16-12-20 of the Official Code of Georgia Annotated, relating to definitions relative to gambling, so as to provide for an exclusion to a definition; to provide for effective dates; to provide for related matters; to repeal conflicting laws; and for other purposes.
Feb/19/2016 - Senate Read and Referred
Feb/18/2016 - Senate Hopper