Illinois General Assembly - Bill Status for SB2955
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 Bill Status of SB2955  102nd General Assembly


Short Description:  LOTTERY-TRANSFER FUNDS

Senate Sponsors
Sen. Laura Ellman

Last Action
DateChamber Action
  12/15/2021SenateReferred to Assignments

Statutes Amended In Order of Appearance
20 ILCS 1605/2from Ch. 120, par. 1152
20 ILCS 1605/9.1
20 ILCS 1605/9.2 new


Synopsis As Introduced
Amends the Illinois Lottery Law. Provides that beginning July 1, 2022, the Department of the Lottery shall distribute proceeds from certain lottery tickets and shares sold in the specified priority and manner, beginning with the payment of prizes and retailer bonuses. Provides that as a result of findings by the Office of the Auditor General, annual net lottery proceeds from fiscal years 2017 through 2021 from the State Lottery Fund to the Common School Fund were made in excess of proceeds available to transfer, resulting in required transfers to the Capital Projects Fund not being made. Provides that to reconcile the amounts owed, certain one-time transfers to the appropriate funds shall be made. Makes conforming changes in the Act. Effective immediately.

Actions 
DateChamber Action
  12/15/2021SenateFiled with Secretary by Sen. Laura Ellman
  12/15/2021SenateFirst Reading
  12/15/2021SenateReferred to Assignments

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