Bill Text: AZ SB1220 | 2015 | Fifty-second Legislature 1st Regular | Engrossed
Bill Title: Tribal colleges; unclaimed lottery money
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2015-03-06 - Senate Committee of the Whole action: Do Pass Amended [SB1220 Detail]
Download: Arizona-2015-SB1220-Engrossed.html
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Senate Engrossed |
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State of Arizona Senate Fifty-second Legislature First Regular Session 2015
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SENATE BILL 1220 |
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AN ACT
amending section 5-568, Arizona Revised Statutes; amending title 15, chapter 2, article 2, Arizona Revised Statutes, by adding section 15-244.01; relating to the state lottery.
(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. Seventy per cent Fifty‑five percent of the prize money shall be held in the state lottery prize fund for use as additional prizes in future games and.
2. Thirty per cent percent shall be transferred monthly to the court appointed special advocate fund established by section 8‑524.
3. Fifteen percent shall be transferred monthly to the tribal college dual enrollment program fund established by section 15‑244.01.
Sec. 2. Title 15, chapter 2, article 2, Arizona Revised Statutes, is amended by adding section 15-244.01, to read:
15-244.01. Tribal college dual enrollment program fund
The tribal college dual enrollment program fund is established consisting of monies deposited pursuant to section 5-568, other monies appropriated by the legislature and gifts, grants, devises and other contributions of money or property from any lawful public or private source. The department of education shall administer the fund. The department shall distribute monies in the fund to provide choice and access to higher education for high school students in this state by compensating tribal colleges for tuition and fees that are waived to allow high school students to attend classes at tribal college campuses, including classes that are provided electronically by the tribal college to high school students. Monies in the fund are subject to legislative appropriation. On notice from the department, the state treasurer shall invest and divest monies in the fund as provided by section 35‑313, and monies earned from investment shall be credited to the fund.
