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2017 SESSION
HB 1089 Virginia Lottery Fund; administrative expenses, reduces cap on appropriations to Fund.
Introduced by: Benjamin L. Cline | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Lottery Fund; administrative expenses. Reduces the cap on appropriations to the Virginia Lottery for the operation and administration of the lottery during any fiscal year, exclusive of agent compensation, from no more than 10 percent to no more than eight percent of the total annual estimated gross revenues to be generated from lottery sales. The bill has a delayed effective date of July 1, 2017.
SUMMARY AS INTRODUCED:
Virginia Lottery Fund; administrative expenses. Reduces the cap on appropriations to the Virginia Lottery for the operation and administration of the lottery during any fiscal year, exclusive of agent compensation, from no more than 10 percent to no more than five percent of the total annual estimated gross revenues to be generated from lottery sales.