CT HB05159

Modifies section 12-806 to limit the Connecticut Lottery Corporation's reimbursement obligation to the Division of Special Revenue for regulatory oversight costs only, removing language about broader direct and indirect costs and transaction planning expenses.

Establishes an annual assessment system whereby the Office of Policy and Management calculates the reasonable and necessary costs incurred by the Division of Special Revenue for regulatory activities and submits these assessments to the Lottery Corporation by August 1st each year.

Requires the Lottery Corporation to pay the total assessment in four quarterly installments beginning October 1st annually, with payments also due January 1st, April 1st, and July 1st.

Creates a "lottery assessment account" as a separate, nonlapsing account within the General Fund to receive and hold assessment payments, with moneys expended by the Division of Special Revenue.

Takes effect from passage, with the assessment system commencing July 1, 2010, and continuing annually thereafter.