Bill Text: AZ HB2823 | 2024 | Fifty-sixth Legislature 2nd Regular | Introduced
Bill Title: Unclaimed lottery prize money
Spectrum: Partisan Bill (Democrat 9-0)
Status: (Introduced) 2024-02-12 - House read second time [HB2823 Detail]
Download: Arizona-2024-HB2823-Introduced.html
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REFERENCE TITLE: unclaimed lottery prize money |
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State of Arizona House of Representatives Fifty-sixth Legislature Second Regular Session 2024
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HB 2823 |
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Introduced by Representatives Tsosie: Austin, De Los Santos, Gutierrez, Hernandez A, Hernandez C, Ortiz, Peshlakai, Travers
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An Act
amending section 5-568, Arizona Revised Statutes; relating to unclaimed lottery prize money.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 5-568, Arizona Revised Statutes, is amended to read:
5-568. Disposition of unclaimed prize money
Unclaimed prize money for the prize on a winning ticket or share shall be retained for the person entitled to the prize for one hundred eighty days after the drawing in which the prize was won in the case of a drawing prize and for one hundred eighty days after the announced end of the game in question in the case of a prize determined in any manner other than by means of a drawing. If a claim is not made for the money within the applicable period, the money shall be transferred in the following amounts:
1. Fifty-five percent of the prize money shall be held in the state lottery prize fund established by section 5-573 for use as additional prizes in future games, except that if the amount of monies transferred by the commission pursuant to section 5-554, subsection H, paragraph 1 is less than $900,000 each fiscal year, the difference shall be transferred to the internet crimes against children enforcement fund established by section 41-199 and if the amount of monies transferred by the commission pursuant to section 5-554, subsection H, paragraph 2 is less than $100,000 each fiscal year, the difference shall be transferred to the victims' rights enforcement fund established by section 41-1727.
2. Thirty percent shall be transferred quarterly to the court appointed special advocate fund established by section 8-524.
3. Fifteen Twenty-five percent shall be transferred monthly annually to the tribal college dual enrollment program fund established by section 15-244.01. The amount transferred may not exceed $325,000 in any fiscal year.
