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2001 SESSION

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SB 1267 Lottery Proceeds Fund.

Introduced by: John S. Edwards | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Lottery Proceeds Fund. Establishes the Lottery Proceeds Fund, as will be authorized on July 1, 2001, in Section 7-A of Article X of the Constitution of Virginia. The Fund will consist of the net revenues of any lottery conducted by the Commonwealth and will be appropriated to localities to use for public education purposes. This bill also establishes authorization for an escrow account for the moneys appropriated from the Fund to localities. Several relevant lottery statutes are amended to note the dedication of the proceeds to the Fund.

FULL TEXT

• 01/10/01  Senate: Presented & ordered printed, prefiled 01/10/01 010552420  pdf | impact statement

HISTORY

• 01/10/01  Senate: Presented & ordered printed, prefiled 01/10/01 010552420
• 01/10/01  Senate: Referred to Committee on Finance
• 02/01/01  Senate: Left in Finance