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SB3514 Engrossed |
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LRB096 18423 HLH 33801 b |
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| AN ACT concerning finance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Lottery Law is amended by changing |
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| Section 20 as follows:
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| (20 ILCS 1605/20) (from Ch. 120, par. 1170)
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| Sec. 20. State Lottery Fund.
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| (a) There is created in the State Treasury a special fund |
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| to be
known as the "State Lottery Fund". Such fund shall |
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| consist of all revenues
received from (1) the sale of lottery |
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| tickets or shares, (net of
commissions, fees
representing those |
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| expenses that are directly proportionate to the
sale of tickets |
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| or shares at the agent location, and prizes of less
than
$600 |
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| which
have been validly paid at the agent
level), (2) |
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| application fees,
and (3) all other sources including moneys |
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| credited or transferred thereto
from
any other fund
or source |
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| pursuant to law. Interest earnings of the State Lottery Fund
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| shall be credited to the Common School Fund.
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| (a-5) If for any reason the General Assembly fails to make |
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| appropriations of amounts sufficient from the State Lottery |
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| Fund to the Department for payment of prizes to holders of |
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| winning lottery tickets or shares, including prizes related to |
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| Multi-State Lottery games, and payment of promotional or |