Bill Text: TX SB780 | 2011-2012 | 82nd Legislature | Introduced
Bill Title: Relating to the creation of an instant-ticket lottery game with revenue dedicated to the TEXAS grant program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-03-01 - Referred to State Affairs [SB780 Detail]
Download: Texas-2011-SB780-Introduced.html
82R3921 KYF-D | ||
By: West | S.B. No. 780 |
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relating to the creation of an instant-ticket lottery game with | ||
revenue dedicated to the TEXAS grant program. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter G, Chapter 403, Government Code, is | ||
amended by adding Section 403.110 to read as follows: | ||
Sec. 403.110. TEXAS GRANT FUND. (a) The TEXAS grant fund | ||
is a special fund in the state treasury outside the general revenue | ||
fund. | ||
(b) The fund is composed of: | ||
(1) gifts and grants contributed to the fund; | ||
(2) earnings on the principal of the fund; and | ||
(3) other amounts deposited to the credit of the fund, | ||
including: | ||
(A) legislative appropriations; and | ||
(B) money deposited under Section 466.355. | ||
(c) Except as provided by Subsection (d), money in the fund | ||
may not be appropriated for any purpose other than to fund the TEXAS | ||
grant program established by Subchapter M, Chapter 56, Education | ||
Code. | ||
(d) A gift or grant to the fund may be appropriated in the | ||
same manner as money in the fund derived from other sources, subject | ||
to any limitation or requirement placed on the gift or grant by the | ||
donor or granting entity. | ||
(e) Sections 403.095 and 404.071 do not apply to the fund. | ||
SECTION 2. Subchapter B, Chapter 466, Government Code, is | ||
amended by adding Section 466.028 to read as follows: | ||
Sec. 466.028. TEXAS GRANT GAME. (a) The commission shall | ||
operate an instant-ticket lottery game to benefit the TEXAS grant | ||
fund established by Section 403.110. | ||
(b) The commission shall: | ||
(1) except as provided by Subsection (f), annually | ||
award to five grand prize winners of the game four years of | ||
undergraduate tuition and required fees at an institution of higher | ||
education; | ||
(2) determine the ticket price, payout amounts for | ||
prizes other than the five annual grand prizes, and manner in which | ||
the game is conducted; | ||
(3) make tickets to the game available for sale | ||
continuously to the extent practicable; and | ||
(4) change the design or theme of the game regularly to | ||
ensure that the game remains competitive with other instant-ticket | ||
lottery games offered by the commission. | ||
(c) The commission shall market and advertise the lottery | ||
game operated under this section in a manner intended to inform the | ||
public that the game tickets are available for purchase, that the | ||
grand prize is four years of paid undergraduate tuition and | ||
required fees, and that the game proceeds are used to fund the TEXAS | ||
grant program. The Texas Higher Education Coordinating Board may | ||
make recommendations to the commission relating to the marketing | ||
and advertising of the game. | ||
(d) The commission shall encourage each sales agent that | ||
sells tickets to instant-ticket games or similar types of lottery | ||
games to sell tickets to the game operated under this section. | ||
(e) An annual grand prize shall be awarded as a Type I Texas | ||
Tuition Promise Fund plan redeemed through the prepaid higher | ||
education tuition program under Subchapter H, Chapter 54, Education | ||
Code. | ||
(f) A person who wins a grand prize from the game may: | ||
(1) assign the prize to another beneficiary; or | ||
(2) exchange the prize for a one-time payment in an | ||
amount determined by the commission of not less than $20,000. | ||
(g) Section 466.410 does not apply to an assignment of a | ||
grand prize under Subsection (f). | ||
SECTION 3. Section 466.355(b), Government Code, is amended | ||
to read as follows: | ||
(b) Money in the state lottery account may be used only for | ||
the following purposes and shall be distributed as follows: | ||
(1) the payment of prizes to the holders of winning | ||
tickets; | ||
(2) the payment of costs incurred in the operation and | ||
administration of the lottery, including any fees received by a | ||
lottery operator, provided that the costs incurred in a fiscal | ||
biennium may not exceed an amount equal to 12 percent of the gross | ||
revenue accruing from the sale of tickets in that biennium; | ||
(3) the establishment of a pooled bond fund, lottery | ||
prize reserve fund, unclaimed prize fund, and prize payment | ||
account; and | ||
(4) the balance, after creation of a reserve | ||
sufficient to pay the amounts needed or estimated to be needed under | ||
Subdivisions (1) through (3), to be transferred on or before the | ||
15th day of each month as follows: | ||
(A) the portion of the balance attributable to | ||
the lottery game operated under Section 466.027 to the fund for | ||
veterans' assistance established by Section 434.017; [ |
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(B) the portion of the balance attributable to | ||
the lottery game operated under Section 466.028 to the TEXAS grant | ||
fund established by Section 403.110; and | ||
(C) the remainder to the foundation school fund. | ||
SECTION 4. Section 466.406(a), Government Code, is amended | ||
to read as follows: | ||
(a) Except as provided by this section, Section 466.028, or | ||
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assignable. | ||
SECTION 5. Section 56.310(b), Education Code, is amended to | ||
read as follows: | ||
(b) The legislature may appropriate money for the purposes | ||
of this subchapter, including money from the TEXAS grant fund | ||
established by Section 403.110, Government Code. | ||
SECTION 6. (a) Section 466.355, Government Code, as | ||
amended by this Act, applies only to a transfer from the state | ||
lottery account made on or after the effective date of this Act. | ||
(b) The Texas Lottery Commission shall establish and begin | ||
selling tickets to the lottery game as required by Section 466.028, | ||
Government Code, as added by this Act, not later than March 1, 2012. | ||
SECTION 7. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2011. |