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1995 SESSION

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HB 1693 Distribution of Lottery proceeds to localities.

Introduced by: Whittington W. Clement | all patrons    ...    notes | add to my profiles

SUMMARY:

Distribution of State Lottery proceeds to localities. Beginning July 1, 1996, one-third of the lottery profits transferred to the general fund will be distributed to counties and cities. One-half of the amount distributed will be based on each locality's percentage of total lottery sales. The other half will be based on each locality's school-age population. The money must be used for capital outlay projects including debt and interest for such projects.


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