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1995 SESSION

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HB 386 Distribution of Lottery Fund.

Introduced by: Watkins M. Abbitt, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Distribution of State Lottery Fund. Requires one-third of the profits generated from state lottery sales to be distributed to the localities. One-half of the localities' distribution shall be based on the localities' annual lottery sales. The remaining half shall be based on the school-age population in each locality. The amount distributed shall be used for capital outlay projects, including the repayment of debt incurred on any such project.


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