Bill Text: MS HB671 | 2023 | Regular Session | Introduced
Bill Title: Lottery proceeds; revise distribution of.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2023-01-31 - Died In Committee [HB671 Detail]
Download: Mississippi-2023-HB671-Introduced.html
MISSISSIPPI LEGISLATURE
2023 Regular Session
To: Education; Transportation
By: Representative Busby
House Bill 671
AN ACT TO AMEND SECTION 27-115-85, MISSISSIPPI CODE OF 1972, TO REVISE THE ALYCE G. CLARKE MISSISSIPPI LOTTERY LAW TO PROVIDE THAT THE LOTTERY PROCEEDS AMOUNT OVER ONE HUNDRED SIXTY MILLION IN A FISCAL YEAR SHALL BE PAID TO THE STATE HIGHWAY FUND; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Section 27-115-85, Mississippi Code of 1972, is amended as follows:
27-115-85. Until June 30,
2028, net proceeds generated by the Alyce G. Clarke Mississippi Lottery Law,
created pursuant to this chapter and deposited into the Lottery Proceeds Fund
under Section 27-115-51(2), except as otherwise provided in this section, shall
be paid into the State Highway Fund by warrant issued by the State Fiscal
Officer upon requisition of the State Transportation Commission as needed to
provide funds to repair, renovate and maintain highways and bridges of the
state; however, funds paid into the State Highway Fund under this section shall
be first used for matching federal funds authorized to the state pursuant to
any federal highway infrastructure program implemented after September 1,
2018. However, all such monies deposited into the Lottery Proceeds Fund over
Eighty Million Dollars ($80,000,000.00) but less than
One Hundred Sixty Million Dollars ($160,000,000.00) in a fiscal year
shall be transferred into the Education Enhancement Fund for the purposes of
funding the Early Childhood Learning Collaborative, the Classroom Supply Fund
and/or other educational purposes. * * *
SECTION 2. This act shall take effect and be in force from and after July 1, 2023.
