HB3871 Summary

• Amends the Illinois Lottery Law to require the Department of the Lottery to deposit "estimated remaining proceeds" (rather than "remaining proceeds") into the Capital Projects Fund on or before the last day of each fiscal year after paying prizes, retailer bonuses, operational costs, and transfers to the Common School Fund.

• Beginning in fiscal year 2016, the Department must adjust its annual Capital Projects Fund deposit by increasing or decreasing it based on whether actual expenditures from the previous fiscal year fell short of or exceeded the estimate used for that prior year's deposit.

• Takes effect immediately upon becoming law.