Bill Text: NC H817 | 2011-2012 | Regular Session | Amended
Bill Title: Lottery Admin. Expenses/Unclaimed Prizes
Spectrum: Moderate Partisan Bill (Republican 9-1)
Status: (Introduced - Dead) 2011-04-07 - Ref To Com On Rules, Calendar, and Operations of the House [H817 Detail]
Download: North_Carolina-2011-H817-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
H 1
HOUSE BILL 817
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Short Title: Lottery Admin. Expenses/Unclaimed Prizes. |
(Public) |
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Sponsors: |
Representatives McElraft, Justice, Hurley, and Jones (Primary Sponsors). For a complete list of Sponsors, see Bill Information on the NCGA Web Site. |
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Referred to: |
Rules, Calendar, and Operations of the House. |
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April 7, 2011
A BILL TO BE ENTITLED
AN ACT to limit administrative expenses of the state lottery to four percent and to provide that unclaimed prize money is to be split among all local education agencies on an adm basis to be used only for school supplies and textbooks.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 18C‑162(c) reads as rewritten:
"(c) Unclaimed prize
money shall be held separate and apart from the other revenues and allocated
as follows:distributed on a quarterly basis to local school administrative
units on an average daily membership basis, to be used only for school supplies
and textbooks. Charter schools are entitled to share such funds.
(1) Fifty percent (50%) to enhance prizes
under subdivision (a)(1) of this section.
(2) Fifty percent (50%) to the Education
Lottery Fund to be allocated in accordance with G.S. 18C‑164(c)."
SECTION 2. G.S. 18C‑163(1) reads as rewritten:
"§ 18C‑163. Expenses of the Lottery.
Expenses of the Lottery may include any of the following:
(1) The costs incurred in operating and administering
the Commission, including initial start‑up costs.but not to
exceed four percent (4%) of total annual revenue."
…."
SECTION 3. This act becomes effective July 1, 2011.
