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NY A04728
Bill
Status
Introduced
2/7/2011
Primary Sponsor
Peter Rivera
Click for details
AI Summary
- Establishes a one-year deadline from the drawing or close of game for lottery prize claims; unclaimed prizes are forfeited after this period
- Directs unclaimed lottery prize money and interest to be paid to the State Comptroller instead of retained in the lottery prize account for supplemental games and promotional purposes
- Requires the State Comptroller to credit unclaimed and abandoned prize funds to the Education Department for general support of public schools, specifically for purposes outlined in Education Law Section 3604(c)(5)
- Directs abandoned prize funds (those unclaimed after 18 months when checks are undelivered or unpresented) to be credited to the Education Department for the same public school support purposes
- Specifies that education funds received shall be used solely for additional support beyond moneys otherwise appropriated
Legislative Description
Directs that unclaimed or abandoned lottery prizes be used to make state aid payments due for prior years to public schools and deletes provisions allocating such funds to be used for payment of special lotto prizes.
Last Action
enacting clause stricken
9/4/2012
Committee Referrals
Ways and Means2/7/2011
Full Bill Text
No bill text available