Bill Summaries: H817 (2011-2012 Session)

Tracking:
  • Bill H 817 (2011-2012)
    Summary date: Apr 7 2011 - View summary

    Amends GS 18C-162(c) to provide that unclaimed prize money will be held separate and apart from other lottery revenues and distributed quarterly to local school administrative units on an average daily membership basis to be used only for school supplies and textbooks. Specifies that charter schools may share the funds. Deletes current allocation formula.
    Amends GS 18C-163(1), clarifying that lottery expenses may include operation and administrative costs not to exceed 4% of total annual revenue (currently, no cap).
    Effective July 1, 2011.
    Lottery and Gaming
    GS 18C

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