1410‑S AMH FISG REIB 19

SHB 1410 ‑ H AMD 493 WITHDRAWN 3/24/95

By Representative G. Fisher

     On page 110, after line 36, insert the following:

     "Sec. 916. RCW 67.70.240 and 1987 c 513 ' 7 are each amended to read as follows:

     The moneys in the state lottery account shall be used only:  (1) For the payment of prizes to the holders of winning lottery tickets or shares; (2) for purposes of making deposits into the reserve account created by RCW 67.70.250 and into the lottery administrative account created by RCW 67.70.260; (3) for purposes of making deposits into the state's general fund to be used during the 1995-97 fiscal biennium for support of K-12 education; (4) for purposes of making deposits into the housing trust fund under the provisions of *section 7 of this 1987 act; (5) for the purchase and promotion of lottery games and game-related services; and (6) for the payment of agent compensation.

     The office of financial management shall require the allotment of all expenses paid from the account and shall report to the ways and means committees of the senate and house of representatives any changes in the allotments.

Renumber remaining sections consecutively and correct internal references and the title accordingly. 

EFFECT:  Designates that lottery revenue deposited into the state general fund during the 1995-97 biennium must be used to support K-12 education.