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OK SB47
Bill
Status
Introduced
2/7/2011
Primary Sponsor
Richard Lerblance
Click for details
AI Summary
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Eliminates the requirement that Oklahoma Education Lottery net proceeds equal a minimum of 35% of gross proceeds (30% during first two fiscal years).
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Removes language mandating minimum net proceeds levels, allowing more flexibility in how lottery funds are distributed.
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Maintains current allocation structure where net proceeds are transferred to the Oklahoma Education Lottery Trust Fund for education spending.
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Effective date is July 1, 2011, with emergency declaration allowing immediate implementation upon passage and approval.
Legislative Description
Amusements and sports; eliminating net proceeds minimum requirement. Effective date. Emergency.
Amusements and Sports
Last Action
Second Reading referred to Finance
2/8/2011
Committee Referrals
Finance2/8/2011
Full Bill Text
No bill text available