Bill Summaries: H 339 LOTTERY EXPENDITURES.

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  • Summary date: Mar 19 2013 - View Summary

    Amends GS 18C-162 to add to the guidelines followed in allocating revenues to the North Carolina State Lottery Fund, to require that at least 4% be used for books, information technology, and school supplies to be distributed to local education agencies and charter schools on an average daily membership basis. Makes a conforming 4% reduction in the total annual revenues that are to be allocated for payment of lottery expenses and reduces the amount that may be spent on advertising to 0.5% of the total annual revenues. Also amends the allocation of unclaimed prize money to require that 50% be distributed for books, information technology, and school supplies for distribution to local education agencies and charter schools (was, 50% be used to enhance prizes). Effective July 1, 2013.