SB0270sam002 97TH GENERAL ASSEMBLY

Sen. John J. Cullerton

Filed: 5/4/2011

09700SB0270sam002 LRB097 04078 ASK 55100 a

AMENDMENT TO SENATE BILL 270

AMENDMENT NO. ______. Amend Senate Bill 270, AS AMENDED, as follows:

in Section 10, the introductory clause, immediately after "19,", by inserting "20,"; and

in Section 10, immediately below the end of Sec. 19, by inserting the following:

"(20 ILCS 1605/20) (from Ch. 120, par. 1170)

Sec. 20. State Lottery Fund.

(a) There is created in the State Treasury a special fund to be known as the "State Lottery Fund". Such fund shall consist of all revenues received from (1) the sale of lottery tickets or shares, (net of sales agent commissions, fees representing those expenses that are directly proportionate to the sale of tickets or shares at the agent location, and prizes of less than $600 which have been validly paid at the agent level, and any private manager compensation or reimbursements due under the management agreement), (2) application fees, and (3) all other sources including moneys credited or transferred thereto from any other fund or source pursuant to law. Interest earnings of the State Lottery Fund shall be credited to the Common School Fund.

(a-5) If for any reason the General Assembly fails to make appropriations of amounts sufficient from the State Lottery Fund to the Department for payment of prizes to holders of winning lottery tickets or shares, including prizes related to Multi-State Lottery games, and payment of promotional or incentive prizes associated with the sale of lottery tickets, pursuant to the provisions of this Law, then this subsection constitutes an irrevocable and continuing appropriation of all amounts necessary for that purpose, and the irrevocable and continuing authority for and direction to the Comptroller and to the Treasurer of the State to make the necessary transfers out of and disbursements from the State Lottery Fund for that purpose.

(b) The receipt and distribution of moneys under Section 21.5 of this Act shall be in accordance with Section 21.5.

(c) The receipt and distribution of moneys under Section 21.6 of this Act shall be in accordance with Section 21.6.

(d) The receipt and distribution of moneys under Section 21.7 of this Act shall be in accordance with Section 21.7.

(e) The receipt and distribution of moneys under Section 21.8 of this Act shall be in accordance with Section 21.8.

(Source: P.A. 94-120, eff. 7-6-05; 94-585, eff. 8-15-05; 95-331, eff. 8-21-07; 95-673, eff. 10-11-07; 95-674, eff. 10-11-07; 95-876, eff. 8-21-08.)"; and

in Section 10, Sec. 29, the last sentence of subsection (c), by replacing "Governor's" with "Superintendent's"; and

in in Section 10, Sec. 29, the first sentence of subsection (e), by replacing "Governor" with "Superintendent"; and

immediately below the end of Section 25, by inserting the following:

"Section 99. Effective date. This Act takes effect July 1, 2011.".