MS HB1332

Changes the deadline for lottery proceeds to be deposited into the State Highway Fund from June 30, 2028 to June 30, 2026.

Beginning July 1, 2026, requires up to $100 million annually in net lottery proceeds to be deposited into the Employer's Accumulation Account of the Public Employees' Retirement System until the system reaches an 80% funded ratio.

Directs lottery proceeds over $100 million annually to be split 50% to the Education Enhancement Fund and 50% to the Multi-Modal Transportation Improvement Fund.

Brings forward existing Section 27-115-51 regarding lottery ticket sales deposits into a corporate operating account and the transfer of net proceeds to the Lottery Proceeds Fund for possible future amendment.

Effective July 1, 2025.