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MN HF2372

Bill

Status

Introduced

3/11/2019

Primary Sponsor

Joe McDonald

Click for details

Origin

House of Representatives

91st Legislature 2019-2020

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

Committee Referrals

Commerce3/11/2019

Full Bill Text

No bill text available