All charitable raffles conducted in Texas are required to execute a Texas Charitable Raffle Bond for the full amount of the prize to be in compliance with the Charitable Raffle Enabling Act of 1990.
Bonds Express offers a Texas Charitable Raffle Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Texas Charitable Raffle Bond holds you accountable for your business decisions.
By possessing a Texas Charitable Raffle Bond , you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.