Bill Text: IL SB3045 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Illinois Lottery Law. Provides that, if for any reason the General Assembly fails to make appropriations of amounts sufficient from the State Lottery Fund to the Department for payment of prizes to holders of winning lottery tickets or shares, including prizes related to Multi-State Lottery games, and payment of promotional or incentive prizes associated with the sale of lottery tickets, then the provision constitutes an irrevocable and continuing appropriation of all amounts necessary for that purpose, 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. Specifies that the revenues received from the sale of lottery tickets or shares is net of, among other things, sales agent commissions (rather than commissions) and any private manager compensation or reimbursements due under the management agreement. Effective immediately.
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: (Introduced - Dead) 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [SB3045 Detail]
Download: Illinois-2015-SB3045-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 sales agent
commissions, fees
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12 | representing those expenses that are directly proportionate to | ||||||||||||||||||||||||
13 | the
sale of tickets or shares at the agent location, and prizes | ||||||||||||||||||||||||
14 | of less
than
$600 which
have been validly paid at the agent
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15 | level , and any private manager compensation or reimbursements | ||||||||||||||||||||||||
16 | due under the management agreement ), (2) application fees,
and | ||||||||||||||||||||||||
17 | (3) all other sources including moneys credited or transferred | ||||||||||||||||||||||||
18 | thereto
from
any other fund
or source pursuant to law. Interest | ||||||||||||||||||||||||
19 | earnings of the State Lottery Fund
shall be credited to the | ||||||||||||||||||||||||
20 | Common School Fund.
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21 | (a-5) If for any reason the General Assembly fails to make | ||||||||||||||||||||||||
22 | appropriations of amounts sufficient from the State Lottery | ||||||||||||||||||||||||
23 | Fund to the Department for payment of prizes to holders of |
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1 | winning lottery tickets or shares, including prizes related to | ||||||
2 | Multi-State Lottery games, and payment of promotional or | ||||||
3 | incentive prizes associated with the sale of lottery tickets, | ||||||
4 | pursuant to the provisions of this Law, then this subsection | ||||||
5 | constitutes an irrevocable and continuing appropriation of all | ||||||
6 | amounts necessary for that purpose, and the irrevocable and | ||||||
7 | continuing authority for and direction to the Comptroller and | ||||||
8 | to the Treasurer of the State to make the necessary transfers | ||||||
9 | out of and disbursements from the State Lottery Fund for that | ||||||
10 | purpose. | ||||||
11 | (b) The receipt and distribution of moneys under Section | ||||||
12 | 21.5 of this Act shall be in accordance with Section 21.5.
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13 | (c) The receipt and distribution of moneys under Section | ||||||
14 | 21.6 of this Act shall be in accordance with Section 21.6. | ||||||
15 | (d) The receipt and distribution of moneys under Section | ||||||
16 | 21.7 of this Act shall be in accordance with Section 21.7.
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17 | (e)
The receipt and distribution of moneys under Section | ||||||
18 | 21.8
of this Act shall be in accordance with Section 21.8.
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19 | (f) The receipt and distribution of moneys under Section | ||||||
20 | 21.9 of this Act shall be in accordance with Section 21.9. | ||||||
21 | (Source: P.A. 98-649, eff. 6-16-14.)
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22 | Section 99. Effective date. This Act takes effect upon | ||||||
23 | becoming law.
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