Bills › 90th General Assembly
Relating to transfers of moneys from the lottery fund to the veterans trust fund
Topics:Alcohol, cannabis & gamingState budgetVeterans & military
Where it is now
- Done: IntroducedFebruary 7, 2023
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2024 session adjourned on April 19, 2024, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Currently, $2.5 million from lottery revenues goes to a veterans trust fund until it reaches $50 million. Once that goal is met, the money is instead sent to county directors of veteran affairs. This bill changes the law so that $2.5 million is sent to those county directors every year, regardless of how much money is in the trust fund.1
Read the official explanation
Under current law, $2.5 million in lottery revenues is transferred every fiscal year to the veterans trust fund until the veterans trust fund reaches a balance of $50 million or more. After reaching $50 million, the $2.5 million that would otherwise be transferred to the veterans trust fund is appropriated to the department of revenue for distribution to county directors of veteran affairs. This bill eliminates the appropriation contingent upon the veterans trust fund balance reaching $50 million or more, resulting in an annual appropriation to the department of revenue of $2.5 million to the fund.