1-1 By: Nelson S.B. No. 105
1-2 (In the Senate - Filed November 20, 1996; January 14, 1997,
1-3 read first time and referred to Committee on Finance;
1-4 April 28, 1997, reported favorably, as amended, by the following
1-5 vote: Yeas 11, Nays 1; April 28, 1997, sent to printer.)
1-6 COMMITTEE AMENDMENT NO. 1 By: Wentworth, Lucio
1-7 Amend Paragraph (4) beginning on page 1, line 41, to read as
1-8 follows:
1-9 "(4) the balance, after creation of a reserve
1-10 sufficient to pay the amounts needed or estimated to be needed
1-11 under Subdivisions (1) through (3), to be transferred on or before
1-12 the 15th day of each month as follows:
1-13 (A) four percent of the funds set aside for
1-14 Subdivision (1) to the credit of a special account in the general
1-15 revenue fund to be used to fund tuition assistance grants under
1-16 Subchapter G, Chapter 56, Education Code;
1-17 (B) one percent of the balance to the Texas
1-18 Education Agency for community-based adult literacy programs; and
1-19 (C) the remainder to the foundation school
1-20 [unobligated portion of the general revenue] fund[, on or before
1-21 the 15th day of each month]."
1-22 A BILL TO BE ENTITLED
1-23 AN ACT
1-24 relating to the dedication of revenue derived from the state
1-25 lottery to the foundation school fund.
1-26 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-27 SECTION 1. Subsection (b), Section 466.355, Government Code,
1-28 is amended to read as follows:
1-29 (b) Money in the state lottery account may be used only for
1-30 the following purposes and shall be distributed as follows:
1-31 (1) the payment of prizes to the holders of winning
1-32 tickets;
1-33 (2) the payment of costs incurred in the operation and
1-34 administration of the lottery, including any fees received by a
1-35 lottery operator, provided that the costs incurred in a fiscal
1-36 biennium may not exceed an amount equal to 15 percent of the gross
1-37 revenue accruing from the sale of tickets in that biennium;
1-38 (3) the establishment of a pooled bond fund, lottery
1-39 prize reserve fund, unclaimed prize fund, and prize payment
1-40 account; and
1-41 (4) the balance, after creation of a reserve
1-42 sufficient to pay the amounts needed or estimated to be needed
1-43 under Subdivisions (1) through (3), to be transferred to the
1-44 foundation school [unobligated portion of the general revenue]
1-45 fund, on or before the 15th day of each month.
1-46 SECTION 2. This Act takes effect September 1, 1997, and
1-47 applies only to a transfer from the state lottery account made on
1-48 or after that date.
1-49 SECTION 3. The importance of this legislation and the
1-50 crowded condition of the calendars in both houses create an
1-51 emergency and an imperative public necessity that the
1-52 constitutional rule requiring bills to be read on three several
1-53 days in each house be suspended, and this rule is hereby suspended.
1-54 * * * * *