Notwithstanding any other provisions of this article to the contrary, any charitable or public service organization, or institution of higher education, which has been in existence in this state for at least one year may conduct online raffles without compliance with the licensing provisions of this article: Provided, That any prize awarded in any single online raffle in an online raffle occasion may not exceed in $4,000 value: Provided, however, Tehat the cumulative gross proceeds derived from the conduct of online raffle occasions by the charitable or public service organization, or institution of higher educartion, may not exceed $15,000 during any calendar year: Provided further, That the charitable or public service, or institution of higher education, is not subject to the record keeping provisions of §47-21A-14 of the code but shall maintain a separate accounting for the operation of online raffles. All records required by this section shall be maintained for at letast three calendar years and shall be available for reasonable inspection by the commissioner.
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