Bill Text: IL SB1497 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the Illinois Lottery Law. Provides that there shall be an irrevocable and continuing appropriation of all amounts necessary from the State Lottery Fund to the Department of the Lottery for payment of prizes to holders of winning lottery tickets or shares, including multi-state lottery game tickets, related operating expenses for multi-state games, and payment of promotional or incentive prizes associated with the sale of lottery tickets, and the irrevocable and continuing authority for and direction to the Comptroller and to the Treasurer of the State to make the necessary transfers out of and disbursements from the State Lottery Fund for that purpose. Effective immediately.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2019-01-09 - Session Sine Die [SB1497 Detail]
Download: Illinois-2017-SB1497-Introduced.html
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1 | AN ACT concerning the lottery.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Lottery Law is amended by changing | ||||||||||||||||||||||||
5 | Section 20 as follows:
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6 | (20 ILCS 1605/20) (from Ch. 120, par. 1170)
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7 | Sec. 20. State Lottery Fund.
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8 | (a) There is created in the State Treasury a special fund | ||||||||||||||||||||||||
9 | to be
known as the "State Lottery Fund". Such fund shall | ||||||||||||||||||||||||
10 | consist of all revenues
received from (1) the sale of lottery | ||||||||||||||||||||||||
11 | tickets or shares , (net of commissions, fees
representing those | ||||||||||||||||||||||||
12 | expenses that are directly proportionate to the
sale of tickets | ||||||||||||||||||||||||
13 | or shares at the agent location, and prizes of less
than
$600 | ||||||||||||||||||||||||
14 | which
have been validly paid at the agent
level), (2) | ||||||||||||||||||||||||
15 | application fees,
and (3) all other sources including moneys | ||||||||||||||||||||||||
16 | credited or transferred thereto
from
any other fund
or source | ||||||||||||||||||||||||
17 | pursuant to law. Interest earnings of the State Lottery Fund
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18 | shall be credited to the Common School Fund.
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19 | (a-5) This subsection constitutes an irrevocable and | ||||||||||||||||||||||||
20 | continuing appropriation of all amounts necessary from the | ||||||||||||||||||||||||
21 | State Lottery Fund to the Department for payment of prizes to | ||||||||||||||||||||||||
22 | holders of winning lottery tickets or shares, including | ||||||||||||||||||||||||
23 | multi-state lottery games tickets, related operating expenses |
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1 | for multi-state games, and payment of promotional or incentive | ||||||
2 | prizes associated with the sale of lottery tickets, pursuant to | ||||||
3 | the provisions of this Law, and the irrevocable and continuing | ||||||
4 | authority for and direction to the Comptroller and to the | ||||||
5 | Treasurer of the State to make the necessary transfers out of | ||||||
6 | and disbursements from the State Lottery Fund for that purpose. | ||||||
7 | (b) The receipt and distribution of moneys under Section | ||||||
8 | 21.5 of this Act shall be in accordance with Section 21.5.
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9 | (c) The receipt and distribution of moneys under Section | ||||||
10 | 21.6 of this Act shall be in accordance with Section 21.6. | ||||||
11 | (d) The receipt and distribution of moneys under Section | ||||||
12 | 21.7 of this Act shall be in accordance with Section 21.7.
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13 | (e)
The receipt and distribution of moneys under Section | ||||||
14 | 21.8
of this Act shall be in accordance with Section 21.8.
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15 | (f) The receipt and distribution of moneys under Section | ||||||
16 | 21.9 of this Act shall be in accordance with Section 21.9. | ||||||
17 | (Source: P.A. 98-649, eff. 6-16-14.)
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18 | Section 99. Effective date. This Act takes effect upon | ||||||
19 | becoming law.
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