SB 859 Lottery Fund; enhancing pool prize.
Joseph B. Benedetti | all patrons    ...    notes
| add to my profiles

Summary:
State Lottery Fund. Permits the Lottery Department to enhance the prize pool with income derived from lending securities held to make the annual payments to Lotto jackpot winners. This measure will permit the Lottery Department to accumulate and retain beyond the current fiscal year revenue earned from the Department's securities lending program, which is managed by the Department of the Treasury. The income will be deposited in the Lottery Department's special reserve fund. Currently, moneys in the special reserve fund may be used only for operation of the lottery or for supplementing prizes when a game's pay-out liabilities exceed cash on hand.

Full text:
01/20/95  Senate: Presented & ordered printed LD8424849  pdf
02/22/95  Senate: Bill text as passed Senate and House (SB859ER)  pdf
05/09/95  Governor: Acts of Assembly Chapter text (CHAP0831)  pdf

Amendments:
Governor's recommendation

Status:
01/20/95  Senate: Presented & ordered printed LD8424849
01/20/95  Senate: Referred to Committee on Finance
01/31/95  Senate: Reported from Finance (15-Y 0-N)
02/01/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/01/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Read second time and engrossed
02/02/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/02/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Passed Senate (40-Y 0-N)
02/02/95  Senate: VOTE: PASSAGE (40-Y 0-N)
02/02/95  Senate: Communicated to House
02/03/95  House: Placed on Calendar
02/04/95  House: Read first time
02/04/95  House: Referred to Committee on General Laws
02/13/95  House: Reported from General Laws (21-Y 1-N)
02/13/95  House: Referred to Committee on Appropriations
02/14/95  House: Reported from Appropriations (20-Y 0-N)
02/14/95  House: Read second time
02/14/95  House: Constitutional reading dispensed
02/14/95  House: Passed House (83-Y 17-N)
02/14/95  House: VOTE: PASSAGE (83-Y 17-N)
02/22/95  Senate: Bill text as passed Senate and House (SB859ER)
02/27/95  Senate: Enrolled
02/28/95  House: Signed by Speaker
03/01/95  Senate: Signed by President
03/27/95  Senate: Governor's recommendation received by Senate
04/05/95  Senate: Passed by temporarily
04/05/95  Senate: Motion for previous question agreed to (22-Y 18-N)
04/05/95  Senate: VOTE: PREVIOUS QUESTION (22-Y 18-N)
04/05/95  Senate: Passed by for the day (22-Y 18-N)
04/05/95  Senate: VOTE: PASS BY (22-Y 18-N)
04/06/95  Senate: Motion for previous question rejected (16-Y 23-N)
04/06/95  Senate: VOTE: PREVIOUS QUESTION (16-Y 23-N)
04/06/95  Senate: Motion for pending question agreed to (35-Y 2-N)
04/06/95  Senate: VOTE: PENDING QUESTION (35-Y 2-N)
04/06/95  Senate: Senate rejected Gov's recommendation (16-Y 23-N)
04/06/95  Senate: VOTE: ADOPT GOV. RECOMMEND. (16-Y 23-N)
04/06/95  Senate: Communicated to Governor
05/05/95  Governor: Approved by Governor-Chapter 831 (effective 7/1/95)
05/09/95  Governor: Acts of Assembly Chapter text (CHAP0831)