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This record contains private information, which has been redacted from public viewing.
Record #: O2018-4981   
Type: Ordinance Status: Passed
Intro date: 6/27/2018 Current Controlling Legislative Body: Committee on Finance
Final action: 6/27/2018
Title: Amendment of Municipal Code Section 4-156-090 regarding raffle prizes
Sponsors: Dept./Agency
Topic: MUNICIPAL CODE AMENDMENTS - Title 4 - Businesses, Occupations & Consumer Protection - Ch. 156 Amusements
Attachments: 1. O2018-4981.pdf

ORDINANCE

 

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO;

 

 

SECTION 1. Section 4-156-090 of the Municipal Code of Chicago is hereby amended by adding the underscored text, and deleting the struck-through text, as follows:

 

4-156-090 Raffles - Prizes - Fees.

The maximum cash prize awarded in any raffle shall be $500,000.00 $2.000.000.00: the maximum retail value of a non-cash prize awarded in any raffle shall be $100,000.00. The aggregate value of all prizes awarded in any raffle shall not exceed $1,000,000.00 $4,000,000.00. The maximum fee for any chance shall be $500.00; all such fees shall be paid in currency, or by check or credit card.

 

 

SECTION 2. This ordinance shall be effective upon its passage.

 

CHICAGO June 27, 2018

 

 

To the President and Members of the City Council:

 

Your Committee on Finance having had under consideration an ordinance authorizing the amendment of Section 4-156-090 of the Municipal Code of Chicago regarding raffle prizes.

 

Direct Introduction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed ordinance.

 

This recommendation was concurred in by                     (awiva voce vote

of members of the committee with                     dissenting vote(s

 

 

Respectfully submitted

 

(signed)4

 

 

//t> CA*J o-J^ A-^_A_

 

Chairman

 

Document No.

 

 

 

 

REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO