{"data":{"id":"us-nj/n.j.-stat.-5-8-51.3","jurisdiction":"us-nj","citation":"N.J. Stat. § 5:8-51.3","heading":"Conduct of raffles by student loan funds, permitted","body":"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.\nL.1996,c.159,s.1.","path":["TITLE 5 AMUSEMENTS, PUBLIC EXHIBITIONS AND MEETINGS"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"94b9157766531274017ecd974d41c20782efdb4ef774dd9821efd01f26607d0a","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-5-8-51.2","next":"us-nj/n.j.-stat.-5-8-51.4"},"notice":"GroundRules: Original legal text. Not legal advice."}