HB2792 Summary

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

• Beginning in fiscal year 2017, requires the Department to adjust the annual Capital Projects Fund deposit up or down based on whether actual expenditures from the previous fiscal year fell short of or exceeded the Department's estimate.

• Takes effect immediately upon becoming law.