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NY A04705
Bill
Status
Introduced
2/5/2009
Primary Sponsor
Greg Ball
Click for details
AI Summary
- Prohibits lottery revenues from being used for any purpose other than providing aid to all school children and prevents co-mingling of lottery funds with other funds
- Amends tax law section 1612 to establish that all revenues collected from lottery activities must be designated solely for education
- Modifies state finance law section 92-c to restrict appropriation and transfer of lottery funds to only educational purposes, with an exception for operational expenses of the state lottery itself
- Takes effect 30 days after enactment and applies to all lottery revenues for education collected on or after that date
Legislative Description
An act to amend the tax law and the state finance law, in relation to prohibiting the use of lottery funds for any purpose other than education
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means2/5/2009
Full Bill Text
No bill text available