Loading chat...
MN HF2372
Bill
Status
3/11/2019
Primary Sponsor
Joe McDonald
Click for details
AI Summary
-
Establishes a K-12 lottery game as a scratch ticket game designated by the lottery director.
-
Creates a K-12 lottery game fund outside the state treasury consisting of game proceeds and interest earned.
-
Requires 40 percent of net K-12 lottery game proceeds to be deposited semiannually (last Monday in February and August) to the Minnesota environment and natural resources trust fund.
-
Deposits remaining 60 percent of net K-12 lottery game proceeds into the school endowment fund established under section 127A.32 for aid to public schools.
-
Directs the lottery director to deposit sufficient amounts from K-12 game gross receipts to the lottery prize fund for prizes and to the lottery operations account for operating expenses.
Legislative Description
K-12 lottery game established and fund created, and net proceeds deposit in school endowment fund required.
Last Action
Introduction and first reading, referred to Commerce
3/11/2019