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MO HB2131

Bill

Status

Introduced

2/11/2010

Primary Sponsor

Mark Parkinson

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Creates the "Governor Nixon's Federal Scratch-Off, Match-Off Fund" in the state treasury to collect lottery-related funds.

  • Deducts $2 from the Governor's personal pay each regular pay period and deposits it into the fund.

  • Requires the Governor or designee to purchase one Powerball lottery ticket per week at a Missouri licensed lottery retailer using $1 from the fund.

  • All winnings from purchased tickets are deposited into the fund until the balance reaches $300 million, at which point the Governor may dissolve the fund and transfer remaining moneys to the general revenue fund for budget shortfalls.

  • Stops deductions from the Governor's pay once the fund is dissolved.

Legislative Description

Requires a $2 deduction each pay period from the Governor's personal pay to be deposited into the Governor Nixon's Federal Scratch-Off, Match-Off Fund to purchase a Powerball lottery ticket each week

Last Action

Public Hearing Completed (H)

2/24/2010

Committee Referrals

Tax Reform2/17/2010

Full Bill Text

No bill text available