SRC-MAX S.B. 105 75(R)    BILL ANALYSIS


Senate Research CenterS.B. 105
By: Nelson
Finance
3-10-97
As Filed


DIGEST 

When the Texas Lottery was created in 1991, revenues beyond those required
for operations costs and payment of prizes were assigned to the General
Revenue Fund.  Widespread public perception exists that the lottery funds
were originally intended for education funding.  This bill would transfer
revenue derived from the state lottery to the foundation school fund.  

PURPOSE

As proposed, S.B. 105 transfers revenue derived from the state lottery to
the foundation school fund. 

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 466.355(b), Government Code, to authorize money
in the state lottery account to be used only for certain purposes and
requires the money to be transferred to the foundation school fund, rather
than the unobligated portion of the general revenue, by the 15th day of
each month, among other stipulations.  

SECTION 2. Effective date:  September 1, 1997.
  Make application of this Act prospective.

SECTION 3. Emergency clause.