Bill Text: WV SB494 | 2014 | Regular Session | Introduced

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Bill Title: Authorizing additional methods of payment for lottery prizes

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced - Dead) 2014-02-05 - To Judiciary [SB494 Detail]

Download: West_Virginia-2014-SB494-Introduced.html

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Senate Bill No. 494

(By Senators Edgell, Facemire, Snyder, Fitzsimmons, Yost and Miller)

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[Introduced February 5, 2014; referred to the Committee on the Judiciary.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §29-22-30, relating to payment of lottery prizes; and permitting additional forms of payments consistent with current banking practices.

Be it enacted by the Legislature of West Virginia:

    That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §29-22-30, to read as follows:

ARTICLE 22. STATE LOTTERY ACT.

§29-22-30. Methods of payment for lottery prizes.

    Notwithstanding any provision of this article or any rule to the contrary, the lottery shall pay a prize to a claimant by check, electronic funds transfer or any other method of payment acceptable to the Federal Reserve System.

    NOTE: The purpose of this bill is to allow the lottery to pay prizes utilizing other payment methods in addition to checks.

    This section is new; therefore, strike-throughs and underscoring have been omitted.