Bill Text: NC H952 | 2017-2018 | Regular Session | Amended

North Carolina House Bill 952 (Prior Session Legislation)

Bill Title: Lottery - JLOC Recommendations

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2018-05-17 - Ref To Com On Appropriations [H952 Detail]

Download: North_Carolina-2017-H952-Amended.html

GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2017

H 1

HOUSE BILL 952*

Short Title: Lottery - JLOC Recommendations.		(Public)
Sponsors:	Representative Saine. For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to:	Appropriations

May 17, 2018

A BILL TO BE ENTITLED

AN ACT To increase the allowable percentage of total annual Lottery revenues that the Lottery Commission may use for advertising expenses from one percent to two percent, AS RECOMMENDED BY the joint legislative oversight committee ON THE NORTH CAROLINA STATE LOTTERY.

The General Assembly of North Carolina enacts:

SECTION 1. G.S. 18C‑162 reads as rewritten:

"§ 18C‑162. Allocation of revenues.

(a) The Commission shall allocate revenues to the North Carolina State Lottery Fund in order to increase and maximize the available revenues for education purposes, and to the extent practicable, shall adhere to the following guidelines:

(1) At least fifty percent (50%) of the total annual revenues, as described in this Chapter, shall be returned to the public in the form of prizes.

(2) At least thirty‑five percent (35%) of the total annual revenues, as described in this Chapter, shall be transferred as provided in G.S. 18C‑164.

(3) No more than eight percent (8%) of the total annual revenues, as described in this Chapter, shall be allocated for payment of expenses of the Lottery. ~~Advertising expenses shall not exceed one percent (1%) of the total annual revenues.~~

(4) No more than seven percent (7%) of the face value of tickets or shares, as described in this Chapter, shall be allocated for compensation paid to lottery game retailers.

(a1) Advertising costs shall not exceed two percent (2%) of the total annual revenues, as described in this Chapter.

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SECTION 2. This act becomes effective July 1, 2018.