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S2870Senate2013-2014 Session

Makes changes in the disposition of revenue from lottery prize account

Sponsor Timothy M. KennedySD-63Affects Legal
Status
In Senate Committee
Investigations And Government Operations
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Investigations And Government Operations

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Sponsors

Primary sponsor
Timothy M. Kennedy

Senator · Senate District 63

No co-sponsors yet.

History

  1. Referred to investigations and government operations
  2. Referred to investigations and government operations

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S2870

Title of bill

An act to amend the tax law, in relation to the disposi- tion of revenue from the lottery prize account

Summary of provisions

This bill decreases, by five percent, the amount of money allocated for lottery prizes; the bill increases, by five percent, the amount of money allocated to education. These changes apply to the "Daily Numbers Game," "Win 4," "Pick 10," "Take 5" and "Lotto" games.

Justification

State aid to education funding has been severely restricted over the past few years. A minor change in the disposition of revenue from the lottery prize account will increase state aid to strug- gling schools, without a negative impact on the lottery system.

Effective date

This act shall take effect on the first of October next succeeding the date on which it shall have become a law.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.