1031-S AMH HUNT CORD 068

SHB 1031 - H AMD

By Representative Hunter

   On page 3, beginning on line 22, strike all of section 4 and insert the following:

   "Sec. 4. RCW 67.70.190 and 1994 c 218 s 5 are each amended to read as follows:

   (1) Unclaimed prizes shall be retained in the state lottery account for the person entitled thereto for one hundred eighty days after the drawing in which the prize is won, or after the official end of the game for instant prizes. If no claim is made for the prize within this time, all rights to the prize are extinguished, and the prize shall be retained in the state lottery ((fund)) account for further use as prizes, ((and all rights to the prize shall be extinguished)) subject to subsection (2) of this section.

   (2)(a) From the amounts retained in the state lottery account under subsection (1) of this section, the commission shall transfer to the problem gambling account created in section 3 of this act an amount equal to the percentage of net receipts specified in (b) of this subsection. For purposes of this subsection, "net receipts" means the difference between: (i) Revenue received from the sale of lottery tickets or shares and revenues received from the sale of shared game lottery tickets or shares; and (ii) the sum of payments made to winners.

   (b) In fiscal year 2006, the percentage to be transferred to the problem gambling account is one-tenth of one percent. In fiscal year 2007 and subsequent years, the percentage to be transferred to the problem gambling account is thirteen one-hundredths of one percent."

   Correct the title.

EFFECT: Changes the source of the funds transferred to the Problem Gambling Account by the State Lottery Commission to the unclaimed prize money retained in the Lottery Account (instead of making transfers directly from the shared game lottery revenues).