Bill Text: CA SB818 | 2021-2022 | Regular Session | Amended
Bill Title: California State Lottery.
Spectrum: Committee Bill
Status: (Engrossed - Dead) 2021-06-29 - June 29 set for first hearing canceled at the request of author. [SB818 Detail]
Download: California-2021-SB818-Amended.html
|
Amended
IN
Assembly
June 15, 2021 |
CALIFORNIA LEGISLATURE—
2021–2022 REGULAR SESSION
Senate Bill
No. 818
| Introduced by Committee on Governmental Organization (Senators Dodd (Chair), Allen, Archuleta, Becker, Borgeas, Bradford, Glazer, Hueso, Jones, Melendez, Nielsen, Portantino, Rubio, and Wilk) |
March 03, 2021 |
An act to add Section 8880.43.1 to the Government Code, relating to the California State Lottery.
LEGISLATIVE COUNSEL'S DIGEST
SB 818, as amended, Committee on Governmental Organization.
California State Lottery Lottery.
The California State Lottery Act of 1984 authorizes a California State Lottery and provides for its operation and administration by the California State Lottery Commission and the Director of the California State Lottery. Existing law requires that not less than 87% of the total annual revenues of the state lottery be returned to the public in the form of prizes and net revenues to benefit public education, as specified, and requires at least 50% of annual lottery revenues to be returned to the public in the form of prizes. Existing law, to become operative following notification from the Controller to the Legislature and the Governor that certain events have occurred, changes the revenue allocation formula so that not less than 84% of the total annual revenues of the state lottery be returned to the public in the form of prizes and net revenues to benefit public education, as
specified, and requires 50% of the total annual revenues to be returned to the public in the form of prizes.
This bill would require the director, on or before August 1, 2022, at least once every 5 years, to conduct a study to determine the optimal prize payout rate range to maximize the amount of funding allocated to public education each year by the lottery and would require the director to recalculate the optimal prize payout rate at least once every 5 years.
lottery. The bill would require the commission, commencing with the 2023–24 2021–22 fiscal year, and consistent with the above formula, to use the optimal prize payout rate range to set the lottery’s budget each fiscal year.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 8880.43.1 is added to the Government Code, to read:8880.43.1.
(a)(b) Commencing with the 2023–24 2021–22 fiscal year, consistent with subdivision (a) of Section 8880.4, the commission shall use the optimal prize payout rate range to set the lottery’s budget each fiscal year.
