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Who cares
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Sponsors
2 Co-sponsors
History
- Referred to racing, gaming and wagering
- Referred to racing, gaming and wagering
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Prohibits use of lottery funds for any purpose other than education and prohibits co-mingling with funds for other purposes
In Assembly Committee · Ways And Means · Sponsor Greg Ball
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the tax law and the state finance law, in relation to prohibiting the use of lottery funds for any purpose other than education
Purpose or general idea of bill
Prohibits use of lottery funds for any purpose other than education and prohibits co-mingling with funds for other purposes
Summary of specific provisions
Section 1612 of the tax law is amended by adding a new subdivision e
Section 1: Amends Tax § 1612 to add new subdivision (h) reading that no revenues collected pursuant to this article shall be used for any purpose other than providing aid to all school children and shall not be co-mingled with funds designated for any other purpose.
Section 2: Amends Finance §92-c(3) to state that the moneys in such fund shall be appropriated or transferred only for the repayment of the expenditures incurred in the operation of the state lottery provided that no moneys in such fund shall be appropriated or transferred for any purpose other than aid to school children and shall not be co-mingled with funds designated for any other purpose.
Justification
The lottery lockbox would ensure that lottery money is used for education, as it was meant to be. The public wants the assurance that lottery money that is coming for education is not going to be siphoned off for other things.
Prior legislative history
New bill.
Fiscal implications
To be determined.
Effective date
This act shall take effect on the thirtieth day after it shall have become a law and shall apply to revenues collected as a result of the New York State lottery for education occurring on or after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.