73R4896 ESH-F
By Junell, McDonald, Martin H.B. No. 1013
A BILL TO BE ENTITLED
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1-23 Act (Article 179g, Vernon's Texas Civil Statutes), are repealed.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.