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A BILL TO BE ENTITLED
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AN ACT
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relating to the payment of a lottery prize awarded to a minor. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Sections 466.405(b) and (e), Government Code, |
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are amended to read as follows: |
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(b) If a minor is entitled to prize money on a winning ticket |
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in an amount of $600 or more, the director may direct payment to the |
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minor by depositing the amount of the prize in any financial |
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institution [bank] to the credit of an adult member of the minor's |
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family or of the minor's guardian as custodian for the minor. |
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(e) In this section: |
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(1) "Adult" means an individual who is at least 18 |
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years of age. |
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(2) "Custodian," "financial institution," [, "adult,"
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"bank," "custodian,"] "guardian," and "member of the [a] minor's |
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family," [and "minor"] have the meanings assigned by Section |
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141.002, Property Code. |
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(3) "Minor" means an individual who is younger than 18 |
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years of age. |
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SECTION 2. This Act takes effect September 1, 2007. |