Determination of lottery proceeds.

2015
STATE OF WYOMING
15LSO-0423
Numbered
2.1

HOUSE BILL

NO.
HB0175

Determination of lottery proceeds.

Sponsored by:
Representative(s) Loucks, Halverson, Jaggi, Lindholm, McKim and Reeder and Senator(s) Case

A BILL

for

AN ACT relating to the Wyoming lottery; amending the definition of operating expenses related to the determination of net proceeds; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 9
‑
17
‑
103(a)(x) is amended to read
:

9
‑
17
‑
103
.

Definitions.

(a)

As used in this chapter:

(x)

"Operating expenses" means all costs of doing business, including, but not limited to commissions
and other compensation paid to retailers, advertising and marketing costs, personnel costs, capital costs, depreciation of property and equipment and other operating costs but does not include prizes, payments to the state under W.S. 9
‑
17
‑
111(b) or unclaimed prize monies set aside under W.S. 9
‑
17
‑
119(g)
. "Operating expenses" shall not include a
ccelerated
payments on any loan to or on behalf of the corporation if the
accelerated
payments are not required under the
original
terms of the loan and the payments would result in no or significantly reduced net proceeds being deposited with the state as provided in W.S. 9
‑
17
‑
111(b)
;

Section
2
.

This
act is effective July 1,
2015
.

(END)

1
HB0175