1249D 95th Legislative Session 370
AMENDMENT 1249D FOR THE INTRODUCED BILL
Introduced by: Representative Mills
An Act to revise certain provisions regarding the operation of the South Dakota Lottery.
Be it enacted by the Legislature of the State of South Dakota:
Section
1. That a NEW SECTION be added:
Video
lottery repeal and recovery fund--Establishment--Purposes.
There
is established in the state treasury the video lottery repeal and
recovery fund. The fund consists of all moneys deposited into the
fund in accordance with § 42-7A-63,
together with any interest or other earnings of the fund. The purpose
of the fund is to replace lost revenue for the general fund following
the repeal of video lottery. Moneys in the fund may not be expended
unless video lottery is repealed.
Section 1. That § 42-7A-2 be AMENDED:
42-7A-2. South Dakota Lottery established--Administration by executive director--Overall control and operation of games.
There is hereby established in the Department of Revenue a division to be called the South Dakota Lottery under the direction of the South Dakota Lottery Commission. Under the supervision of the commission, an executive director shall administer the state lottery as provided in this chapter. In all decisions, the executive director and commission shall take into account the particularly sensitive nature of the lottery, and shall act to promote and ensure the integrity, security, honesty, and fairness of its operation and administration. The overall management of the state lottery and control over the operation of its games shall rest solely with the South Dakota Lottery. The South Dakota Lottery may not promote or advertise, or cause the promotion or advertisement of, any games through any means.
Section 2. That § 42-7A-22 be AMENDED:
42-7A-22. Lottery operating fund--Continuous appropriation--Informational budget--Disbursements.
There is established within the
state treasury the lottery operating fund, into which shall be
deposited all revenues from the sale of lottery tickets, interest
received on moneys in the lottery operating fund, and all other fees
and moneys collected. For the purposes of this section, the award of
a free ticket or free play does not constitute revenue. All money in
the funds created by this section are continuously appropriated for
the purposes specified in this section. All funds received by the
state lottery shall be set forth in an informational budget as
described in § 4-7-7.2
and be annually reviewed by the Legislature. Each
year one million dollars shall be transferred to the video
lottery repeal and recovery fund established under § 42-7A-66
South Dakota-bred racing fund established under § 42-7-71.
Any disbursement from
the lottery operating fund shall be by authorization of the executive
director for any of the following purposes:
(1) The payment of prizes to the holders of valid, winning lottery tickets;
(2) Expenses of the lottery,
which shall include all costs incurred in the operation and
administration of the South Dakota Lottery; all costs resulting from
contracts entered into for the purchase or lease of goods and
services needed for operation of the lottery, including supplies,
materials, tickets, independent studies and surveys, data
transmission, advertising,
printing,
promotion,
incentives,
public relations, communications, compensation paid to lottery
retailers; distribution of tickets; and reimbursement of costs of
facilities and services provided by other state agencies;
and
(3) Transfers of net proceeds to the state general fund; and
(4) Transfers to the video
lottery repeal and recovery South
Dakota-bred racing fund.
Catchlines are not law. (§ 2-16-13.1) Underscores indicate new language.
Overstrikes
indicate deleted language.