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1 | AN ACT concerning finance.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Lottery Law is amended by changing | ||||||
5 | Section 20 as follows:
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6 | (20 ILCS 1605/20) (from Ch. 120, par. 1170)
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7 | Sec. 20. State Lottery Fund.
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8 | (a) There is created in the State Treasury a special fund | ||||||
9 | to be
known as the "State Lottery Fund". Such fund shall | ||||||
10 | consist of all revenues
received from (1) the sale of lottery | ||||||
11 | tickets or shares, (net of
commissions, fees
representing those | ||||||
12 | expenses that are directly proportionate to the
sale of tickets | ||||||
13 | or shares at the agent location, and prizes of less
than
$600 | ||||||
14 | which
have been validly paid at the agent
level), (2) | ||||||
15 | application fees,
and (3) all other sources including moneys | ||||||
16 | credited or transferred thereto
from
any other fund
or source | ||||||
17 | pursuant to law. Interest earnings of the State Lottery Fund
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18 | shall be credited to the Common School Fund.
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19 | (a-5) If for any reason the General Assembly fails to make | ||||||
20 | appropriations of amounts sufficient from the State Lottery | ||||||
21 | Fund to the Department for payment of prizes to holders of | ||||||
22 | winning lottery tickets or shares, including prizes related to | ||||||
23 | Multi-State Lottery games, and payment of promotional or |
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1 | incentive prizes associated with the sale of lottery tickets, | ||||||
2 | pursuant to the provisions of this Law, then this subsection | ||||||
3 | constitutes an irrevocable and continuing appropriation of all | ||||||
4 | amounts necessary for that purpose, and the irrevocable and | ||||||
5 | continuing authority for and direction to the Comptroller and | ||||||
6 | to the Treasurer of the State to make the necessary transfers | ||||||
7 | out of and disbursements from the State Lottery Fund for that | ||||||
8 | purpose. | ||||||
9 | (b) The receipt and distribution of moneys under Section | ||||||
10 | 21.5 of this Act shall be in accordance with Section 21.5.
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11 | (c) The receipt and distribution of moneys under Section | ||||||
12 | 21.6 of this Act shall be in accordance with Section 21.6. | ||||||
13 | (d) The receipt and distribution of moneys under Section | ||||||
14 | 21.7 of this Act shall be in accordance with Section 21.7.
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15 | (e)
The receipt and distribution of moneys under Section | ||||||
16 | 21.8
of this Act shall be in accordance with Section 21.8.
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17 | (Source: P.A. 94-120, eff. 7-6-05; 94-585, eff. 8-15-05; | ||||||
18 | 95-331, eff. 8-21-07; 95-673, eff. 10-11-07; 95-674, eff. | ||||||
19 | 10-11-07; 95-876, eff. 8-21-08.)
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20 | Section 99. Effective date. This Act takes effect upon | ||||||
21 | becoming law.
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