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New Jersey Statutes, Title: 5, AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS
Chapter 8: Commission created; members
Section: 5:8-51.3: Conduct of raffles by student loan funds, permitted
1. A nonprofit corporation organized under the laws of this State for the sole purpose of making loans to students from a single New Jersey school district to defray the costs of post-secondary education shall be deemed to be a bona fide educational organization which is eligible to conduct raffles and the net proceeds of such raffles shall be deemed to be devoted to educational uses.
L.1996,c.159,s.1.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 5:8-51.3 (if available):
Court decisions that cite this statute:
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