(a)    A qualified organization may conduct a raffle in the county to benefit charity or to further the purpose of the qualified organization.

(b)    A raffle shall be conducted by a qualified organization and not by a person who:

(1)    retains a portion of the proceeds from the raffle; or

(2)    is compensated by the qualified organization for which the raffle is held.

(c)    A person may not receive a private profit from the proceeds of a raffle.

(d)    A qualified organization that conducts a raffle shall:

(1)    keep accurate records of all transactions that occur on behalf of the raffle;

(2)    keep the records for 2 years after the raffle; and

(3)    on request, make the records available for examination by:

(i)    the State’s Attorney for the county;

(ii)    the county sheriff;

(iii)    the county Department of Health and Human Services;

(iv)    the county attorney;

(v)    the Department of State Police; or

(vi)    a designated officer or agent of any of those units.

(e)    A person operating a raffle shall be a resident of the county and a member of the qualified organization.

(f)    Prizes of money or merchandise may be awarded in a raffle conducted under this subtitle.

(g)    For a raffle of real property, the requirements of this section are in addition to the requirements of § 12-106(a) of this article.

(h)    (1)    Except as provided in paragraph (2) of this subsection, a qualified organization may not conduct more than 12 raffles each year.

(2)    There is no limit to the number of 50/50 raffles that a qualified organization may conduct if the prize for each 50/50 raffle does not exceed $300.