Banking and finance; banks and credit unions to offer savings promotion raffle accounts in which deposits to a savings account enter a depositor in a raffle; allow

A BILL to be entitled an Act to amend Article 1 of Chapter 1 of Title 7 of the Official Code of Georgia Annotated, relating to provisions applicable to the Department of Banking and Finance and financial institutions generally, so as to allow banks and credit unions to offer savings promotion raffle accounts in which deposits to a savings account enter a depositor in a raffle; to provide for definitions; to amend Code Section 16-12-20 of the Official Code of Georgia Annotated, relating to definitions relative to gambling and related offenses, so as to provide for an exception to the definition of "lottery"; to provide for related matters; to repeal conflicting laws; and for other purposes.