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Sen. John J. Cullerton
Filed: 5/4/2011
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| 1 | | AMENDMENT TO SENATE BILL 270
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 270, AS AMENDED, as |
| 3 | | follows:
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| 4 | | in Section 10, the introductory clause, immediately after |
| 5 | | "19,", by inserting "20,"; and
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| 6 | | in Section 10, immediately below the end of Sec. 19, by |
| 7 | | inserting the following:
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| 8 | | "(20 ILCS 1605/20) (from Ch. 120, par. 1170)
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| 9 | | Sec. 20. State Lottery Fund.
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| 10 | | (a) There is created in the State Treasury a special fund |
| 11 | | to be
known as the "State Lottery Fund". Such fund shall |
| 12 | | consist of all revenues
received from (1) the sale of lottery |
| 13 | | tickets or shares, (net of sales agent
commissions, fees
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| 14 | | representing those expenses that are directly proportionate to |
| 15 | | the
sale of tickets or shares at the agent location, and prizes |
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| 1 | | of less
than
$600 which
have been validly paid at the agent
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| 2 | | level, and any private manager compensation or reimbursements |
| 3 | | due under the management agreement), (2) application fees,
and |
| 4 | | (3) all other sources including moneys credited or transferred |
| 5 | | thereto
from
any other fund
or source pursuant to law. Interest |
| 6 | | earnings of the State Lottery Fund
shall be credited to the |
| 7 | | Common School Fund.
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| 8 | | (a-5) If for any reason the General Assembly fails to make |
| 9 | | appropriations of amounts sufficient from the State Lottery |
| 10 | | Fund to the Department for payment of prizes to holders of |
| 11 | | winning lottery tickets or shares, including prizes related to |
| 12 | | Multi-State Lottery games, and payment of promotional or |
| 13 | | incentive prizes associated with the sale of lottery tickets, |
| 14 | | pursuant to the provisions of this Law, then this subsection |
| 15 | | constitutes an irrevocable and continuing appropriation of all |
| 16 | | amounts necessary for that purpose, and the irrevocable and |
| 17 | | continuing authority for and direction to the Comptroller and |
| 18 | | to the Treasurer of the State to make the necessary transfers |
| 19 | | out of and disbursements from the State Lottery Fund for that |
| 20 | | purpose. |
| 21 | | (b) The receipt and distribution of moneys under Section |
| 22 | | 21.5 of this Act shall be in accordance with Section 21.5.
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| 23 | | (c) The receipt and distribution of moneys under Section |
| 24 | | 21.6 of this Act shall be in accordance with Section 21.6. |
| 25 | | (d) The receipt and distribution of moneys under Section |
| 26 | | 21.7 of this Act shall be in accordance with Section 21.7.
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| 1 | | (e)
The receipt and distribution of moneys under Section |
| 2 | | 21.8
of this Act shall be in accordance with Section 21.8.
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| 3 | | (Source: P.A. 94-120, eff. 7-6-05; 94-585, eff. 8-15-05; |
| 4 | | 95-331, eff. 8-21-07; 95-673, eff. 10-11-07; 95-674, eff. |
| 5 | | 10-11-07; 95-876, eff. 8-21-08.)"; and
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| 6 | | in Section 10, Sec. 29, the last sentence of subsection (c), by |
| 7 | | replacing "Governor's" with "Superintendent's"; and
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| 8 | | in in Section 10, Sec. 29, the first sentence of subsection |
| 9 | | (e), by replacing "Governor" with "Superintendent"; and
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| 10 | | immediately below the end of Section 25, by inserting the |
| 11 | | following:
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| 12 | | "Section 99. Effective date. This Act takes effect July 1, |
| 13 | | 2011.".
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