SB 3045

Abstract

Amends the Illinois Lottery Law. Provides that, if for any reason the General Assembly fails to make appropriations of amounts sufficient from the State Lottery Fund to the Department for payment of prizes to holders of winning lottery tickets or shares, including prizes related to Multi-State Lottery games, and payment of promotional or incentive prizes associated with the sale of lottery tickets, then the provision constitutes an irrevocable and continuing appropriation of all amounts necessary for that purpose, and the irrevocable and continuing authority for and direction to the Comptroller and to the Treasurer of the State to make the necessary transfers out of and disbursements from the State Lottery Fund for that purpose. Specifies that the revenues received from the sale of lottery tickets or shares is net of, among other things, sales agent commissions (rather than commissions) and any private manager compensation or reimbursements due under the management agreement. Effective immediately.