GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2011

H                                                                                                                                                    1

HOUSE BILL 817

 

 

Short Title:        Lottery Admin. Expenses/Unclaimed Prizes.		(Public)
Sponsors:	Representatives McElraft, Justice, Hurley, and Jones (Primary Sponsors). For a complete list of Sponsors, see Bill Information on the NCGA Web Site.
Referred to:	Rules, Calendar, and Operations of the House.

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.