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90_HB1802
20 ILCS 1605/15 from Ch. 120, par. 1165
20 ILCS 1605/27 from Ch. 120, par. 1177
20 ILCS 1605/18 rep.
Amends the Illinois Lottery Law. Provides that proceeds
from bonds purchased and interest accumulated as a result of
a grand prize multi-state game ticket that goes unclaimed
will be transferred upon the termination of the claim period
directly from the Deferred Lottery Prize Winners Trust Fund
to each respective multi-state partner state according to its
contribution ratio. Prohibits selling a lottery ticket or
share to a minor under 18 years of age. Prohibits purchasing
a lottery ticket or share for a minor under 18 years of age.
Prohibits making a gift of a lottery ticket or share to a
minor under 18 years of age. Repeals the Section concerning
payment of prizes to persons under 18 years of age.
Effective immediately.
LRB9000368LDdvA
LRB9000368LDdvA
1 AN ACT to amend the Illinois Lottery Law by changing
2 Sections 15 and 27 and repealing Section 18.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Lottery Law is amended by
6 changing Sections 15 and 27 as follows:
7 (20 ILCS 1605/15) (from Ch. 120, par. 1165)
8 Sec. 15. No minor under 18 years of age shall buy a
9 lottery ticket or share. No person shall sell, distribute
10 samples of, or furnish a lottery ticket or share to any minor
11 under 18 years of age nor buy a lottery ticket or share for
12 any minor under 18 years of age. No ticket or share shall be
13 sold to any person under the age of 18, but this Section does
14 not prohibit the purchase of a ticket or share for the
15 purpose of making a gift by a person 18 years of age or older
16 to any person of any age. Any agent or employee of any agent
17 who knowingly sells or offers to sell a lottery ticket or
18 share to any person under the age of 18 shall be guilty of a
19 Class B misdemeanor; provided, that if any offense under this
20 Section is a subsequent offense, the offender shall be guilty
21 of a Class 4 felony.
22 No ticket or share shall be purchased by, and no prize
23 shall be paid to any of the following persons: any member of
24 the Board or any officer or other person employed by the
25 Board or by the Department; or to any spouse, child, brother,
26 sister or parent residing as a member of the same household
27 in the principal place of abode of any such persons; or any
28 minor under 18 years of age.
29 Any violation of this Section prohibition shall be a
30 Class B misdemeanor; provided, that if any violation of this
31 Section prohibition is a subsequent violation, the offender
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1 shall be guilty of a Class 4 felony.
2 (Source: P.A. 84-1128.)
3 (20 ILCS 1605/27) (from Ch. 120, par. 1177)
4 Sec. 27. (a) The State Treasurer may, with the consent
5 of the Director, contract with any person or corporation,
6 including, without limitation, a bank, banking house, trust
7 company or investment banking firm, to perform such financial
8 functions, activities or services in connection with
9 operation of the lottery as the State Treasurer and the
10 Director may prescribe.
11 (b) All proceeds from investments made pursuant to
12 contracts executed by the State Treasurer, with the consent
13 of the Director, to perform financial functions, activities
14 or services in connection with operation of the lottery,
15 shall be deposited and held by the State Treasurer as
16 ex-officio custodian thereof, separate and apart from all
17 public money or funds of this State in a special trust fund
18 outside the State treasury. Such trust fund shall be known as
19 the "Deferred Lottery Prize Winners Trust Fund", and shall be
20 administered by the Director.
21 The Director shall, at such times and in such amounts as
22 shall be necessary, prepare and send to the State Comptroller
23 vouchers requesting payment from the Deferred Lottery Prize
24 Winners Trust Fund to deferred prize winners, in a manner
25 that will insure the timely payment of such amounts owed.
26 This Act shall constitute an irrevocable appropriation of
27 all amounts necessary for that purpose, and the irrevocable
28 and continuing authority for and direction to the Director
29 and the State Treasurer to make the necessary payments out of
30 such trust fund for that purpose.
31 (c) Moneys invested pursuant to subsection (a) of this
32 Section may be invested only in bonds, notes, certificates of
33 indebtedness, treasury bills, or other securities
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1 constituting direct obligations of the United States of
2 America and all securities or obligations the prompt payment
3 of principal and interest of which is guaranteed by a pledge
4 of the full faith and credit of the United States of America.
5 Interest earnings on moneys in the "Deferred Lottery Prize
6 Winners Trust Fund" shall remain in such fund and be used to
7 pay the winners of lottery prizes deferred as to payment
8 until such obligations are discharged. Proceeds from bonds
9 purchased and interest accumulated as a result of a grand
10 prize multi-state game ticket that goes unclaimed will be
11 transferred upon the termination of the relevant claim period
12 directly from the lottery's Deferred Lottery Prize Winners
13 Trust Fund to each respective multi-state partner state
14 according to its contribution ratio.
15 (c-5) If a deferred lottery prize is not claimed within
16 the claim period established by game rule, then the
17 securities or other instruments purchased to fund the prize
18 shall be liquidated and the liquidated amount shall be
19 transferred to the State Lottery Fund for disposition
20 pursuant to Section 19 of this Act.
21 (c-10) The Director may use a portion of the moneys in
22 the Deferred Lottery Prize Winners Trust Fund to purchase
23 bonds to pay a lifetime prize if the prize duration exceeds
24 the length of available securities. If the winner of a
25 lifetime prize exceeds his or her life expectancy as
26 determined using actuarial assumptions and the securities or
27 moneys set aside to pay the prize have been exhausted, moneys
28 in the State Lottery Fund shall be used to make payments to
29 the winner for the duration of the winner's life.
30 (c-15) From time to time, the Director may request that
31 the State Comptroller transfer any excess moneys in the
32 Deferred Lottery Prize Winners Trust Fund to the Lottery
33 Fund.
34 (d) This amendatory Act of 1985 shall be construed
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1 liberally to effect the purposes of the Illinois Lottery Law.
2 (Source: P.A. 88-676, eff. 12-14-94; 89-466, eff. 6-13-96.)
3 (20 ILCS 1605/18 rep.)
4 Section 10. The Illinois Lottery Law is amended by
5 repealing Section 18.
6 Section 99. Effective date. This Act takes effect upon
7 becoming law.