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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of a portion of the revenue from lottery |
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ticket sales to combat problem and compulsive gambling. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 466.355(b), Government Code, is amended |
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to read as follows: |
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(b) Money in the state lottery account may be used only for |
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the following purposes and shall be distributed as follows: |
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(1) the payment of prizes to the holders of winning |
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tickets; |
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(2) the payment of costs incurred in the operation and |
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administration of the lottery, including any fees received by a |
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lottery operator, provided that the costs incurred in a fiscal |
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biennium may not exceed an amount equal to 12 percent of the gross |
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revenue accruing from the sale of tickets in that biennium; |
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(3) the establishment of a pooled bond fund, lottery |
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prize reserve fund, unclaimed prize fund, and prize payment |
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account; [and] |
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(4) the establishment and maintenance of a problem and |
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compulsive gambling program to which the commission shall annually |
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allocate $1 million; and |
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(5) the balance, after creation of a reserve |
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sufficient to pay the amounts needed or estimated to be needed under |
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Subdivisions (1) through (4) [(3)], to be transferred to the |
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foundation school fund, on or before the 15th day of each month. |
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SECTION 2. This Act takes effect September 1, 2009. |