Full Text of SB0270 97th General Assembly
SB0270sam002 97TH GENERAL ASSEMBLY | Sen. John J. Cullerton Filed: 5/4/2011
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| 1 | | AMENDMENT TO SENATE BILL 270
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 270, AS AMENDED, as | 3 | | follows:
| 4 | | in Section 10, the introductory clause, immediately after | 5 | | "19,", by inserting "20,"; and | 6 | | in Section 10, immediately below the end of Sec. 19, by | 7 | | inserting the following:
| 8 | | "(20 ILCS 1605/20) (from Ch. 120, par. 1170)
| 9 | | Sec. 20. State Lottery Fund.
| 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
| 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
| 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.
| 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.
| 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.
| 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
| 6 | | in Section 10, Sec. 29, the last sentence of subsection (c), by | 7 | | replacing " Governor's " with " Superintendent's "; and | 8 | | in in Section 10, Sec. 29, the first sentence of subsection | 9 | | (e), by replacing " Governor " with " Superintendent "; and | 10 | | immediately below the end of Section 25, by inserting the | 11 | | following: | 12 | | "Section 99. Effective date. This Act takes effect July 1, | 13 | | 2011.".
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