81R10871 PMO-D
By: Coleman H.B. No. 3024
A BILL TO BE ENTITLED
AN ACT
relating to the allocation of a portion of the revenue from lottery
ticket sales to combat problem and compulsive gambling.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 466.355(b), Government Code, is amended
to read as follows:
(b) Money in the state lottery account may be used only for
the following purposes and shall be distributed as follows:
(1) the payment of prizes to the holders of winning
tickets;
(2) the payment of costs incurred in the operation and
administration of the lottery, including any fees received by a
lottery operator, provided that the costs incurred in a fiscal
biennium may not exceed an amount equal to 12 percent of the gross
revenue accruing from the sale of tickets in that biennium;
(3) the establishment of a pooled bond fund, lottery
prize reserve fund, unclaimed prize fund, and prize payment
account; [and]
(4) the establishment and maintenance of a problem and
compulsive gambling program to which the commission shall annually
allocate $1 million; and
(5) the balance, after creation of a reserve
sufficient to pay the amounts needed or estimated to be needed under
Subdivisions (1) through (4) [(3)], to be transferred to the
foundation school fund, on or before the 15th day of each month.
SECTION 2. This Act takes effect September 1, 2009.