H.B. No. 1013
    1-1                                AN ACT
    1-2  relating to abolishing the state lottery stabilization fund.
    1-3        BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
    1-4        SECTION 1.  Section 5.02(b), State Lottery Act (Article 179g,
    1-5  Vernon's Texas Civil Statutes), is amended to read as follows:
    1-6        (b)  Money in the state lottery account shall be used only
    1-7  for the following purposes and shall be distributed as follows:
    1-8              (1)  the payment of prizes to the holders of winning
    1-9  tickets;
   1-10              (2)  the payment of costs incurred in the operation and
   1-11  administration of the lottery, including any fees received by a
   1-12  lottery operator, provided that the costs incurred in a fiscal
   1-13  biennium may not exceed an amount equal to 15 percent of the gross
   1-14  revenue accruing from the sale of tickets in that biennium; and
   1-15              (3)  <the transfer of amounts to the state lottery
   1-16  stabilization fund as provided by Subsections (c), (d), and (e) of
   1-17  this section; and>
   1-18              <(4)>  the balance, after creation of a reserve
   1-19  sufficient to pay the amounts provided by Subdivisions (1) and (2)
   1-20  of this subsection, to be transferred to the unobligated portion of
   1-21  the general revenue fund, on or before the 15th day of each month.
   1-22        SECTION 2.  Sections 5.02(c)-(e) and (h)-(m), State Lottery
   1-23  Act (Article 179g, Vernon's Texas Civil Statutes), are repealed.
   1-24        SECTION 3.  Notwithstanding Section 5.02(k), State Lottery
    2-1  Act (Article 179g, Vernon's Texas Civil Statutes), on September 1,
    2-2  1993, the comptroller shall transfer the balance of the state
    2-3  lottery stabilization fund to the general revenue fund.
    2-4        SECTION 4.  This Act takes effect September 1, 1993.
    2-5        SECTION 5.  The importance of this legislation and the
    2-6  crowded condition of the calendars in both houses create an
    2-7  emergency and an imperative public necessity that the
    2-8  constitutional rule requiring bills to be read on three several
    2-9  days in each house be suspended, and this rule is hereby suspended.