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IL HB5707
Bill
Status
1/8/2013
Primary Sponsor
LaShawn Ford
Click for details
AI Summary
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Creates the "Lottery Supports Schools Fund" as a non-appropriated trust fund held outside the state treasury to receive certain lottery revenues.
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Directs unclaimed lottery prize money and investment income from the State Lottery Fund to be deposited into the Lottery Supports Schools Fund instead of the Common School Fund.
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Requires the Illinois Gaming Board to certify monthly to the State Board of Education each school district's proportion of statewide lottery sales.
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Mandates monthly distribution of Lottery Supports Schools Fund moneys by the State Board of Education to each school district based on that district's percentage of statewide lottery sales.
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Takes effect immediately upon becoming law.
Legislative Description
LOTTERY-SCHOOLS
Last Action
Session Sine Die
1/8/2013