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90_SB1356eng
20 ILCS 1605/20 from Ch. 120, par. 1170
Amends the Illinois Lottery Law. Provides that the
portion of the Illinois Lottery Fund consisting of revenues
received from the sale of lottery tickets shall be net of
commissions, fees representing expenses that are directly
proportionate to the sale of tickets or shares at the agent
location, and prizes of less than $600 that have been validly
paid at the agent level (now net of commissions and fees and
prizes of less than $600 that have been validly paid at the
agent level).
LRB9007818LDmbA
SB1356 Engrossed LRB9007818LDmbA
1 AN ACT to amend the Illinois Lottery Law by changing
2 Section 20.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Lottery Law is amended by
6 changing Section 20 as follows:
7 (20 ILCS 1605/20) (from Ch. 120, par. 1170)
8 Sec. 20. There is created in the State Treasury a
9 special fund to be known as the "State Lottery Fund". Such
10 fund shall consist of all revenues received from (1) the sale
11 of lottery tickets or shares, (net of commissions, fees
12 representing those expenses that are directly proportionate
13 to the sale of tickets or shares at the agent location, and
14 prizes of less than $600 which have been validly paid at the
15 agent level), (2) application fees, and (3) all other sources
16 including moneys credited or transferred thereto from any
17 other fund or source pursuant to law. Interest earnings of
18 the State Lottery Fund shall be credited to the Common School
19 Fund.
20 (Source: P.A. 84-215.)