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MO HB2131
Bill
Status
2/11/2010
Primary Sponsor
Mark Parkinson
Click for details
AI Summary
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Creates the "Governor Nixon's Federal Scratch-Off, Match-Off Fund" in the state treasury to collect lottery-related funds.
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Deducts $2 from the Governor's personal pay each regular pay period and deposits it into the fund.
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Requires the Governor or designee to purchase one Powerball lottery ticket per week at a Missouri licensed lottery retailer using $1 from the fund.
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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.
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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