Wyoming lottery-general fund deposit.

2018
STATE OF WYOMING
18LSO-0415
Numbered
1.2

HOUSE BILL

NO.
HB0138

Wyoming lottery-general fund deposit.

Sponsored by:
Joint Appropriations Committee

A BILL

for

AN ACT relating to the Wyoming lottery; specifying a percentage of gross lottery proceeds to be deposited in the state general fund; amending objectives related to procurement decisions; amending budget proposal requirements; 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)(ix) and by creating a new paragraph (x
v),

9
‑
17
‑
111(b)(intro)
, 9
‑
17
‑
127(c) and 9
‑
17
‑
128(a)(vi)

are
amended to read:

9
‑
17
‑
103
.

Definitions.

(a)

As used in this chapter:

(ix)

"Net proceeds" means
all revenue derived from the sale of lottery tickets or shares and all other monies derived from the lottery
gross proceeds

less operating expenses

and
, as provided in W.S. 9
‑
17
‑
111(b),
a five
percent (
5
%) transfer of gross proceeds to the
state
general fund
;

(xv)

"Gross proceeds" means all revenue derived from the sale of lottery tickets or shares and all other monies derived from the lottery.

9
‑
17
‑
111
.

Disposition of lottery proceeds.

(b)

On or before the fifteenth day of each quarter, the corporation shall transfer to the treasurer's office

for credit to the
state
general fund
five
percent (
5
%) of gross proceeds earned during the preceding quarter
,
and shall transfer

for credit to the lottery account
,
which is hereby created, the amount of all net proceeds minus prizes
and amounts earned pursuant to subsection (a) of this section during the preceding quarter. Upon their deposit into the
state
general fund or lottery

account, any monies representing a deposit of
gross
proceeds
or

net proceeds shall then become the unencumbered property of the state of Wyoming and the corporation shall have no power to agree or undertake otherwise. At least once per fiscal year
,
these
monies

in the lottery account

shall be paid by the treasurer to the treasurers of the counties, cities and towns for payment into their respective general funds. The percentage of the balance that will be distributed to each county and its cities and towns will be determined by computing the percentage that sales of lottery tickets collected by retailers in each county including its cities and towns bear to total sales of lottery tickets collected by retailers in all counties including their cities and towns. This percentage of the monies shall be distributed within each county as follows:

9
‑
17
‑
127
.

Corporation authorized to borrow money; validation of debt; restriction on use of money in state
general fund and other state funds; purchase or release of goods and services.

(c)

The corporation may purchase, lease or lease purchase goods or services as necessary to effectuate the purposes of this chapter. The corporation may make procurements which integrate functions including lottery game design, lottery ticket distribution to retailers, supply of goods and services and advertising. In all procurement decisions, the corporation shall
take into account
the particularly sensitive nature of the state lottery and shall act to promote and ensure security, honesty, fairness and integrity in the operation and administration of the lottery and the objectives of raising
gross
proceeds
and
net proceeds.

9
‑
17
‑
128
.

Reports by corporation; audits; budget; fiscal year.

(a)

To ensure the financial integrity of the lottery, the corporation through its board of directors shall:

(vi)

For informational purposes only, submit to the governor on September 1 of each year a proposed operating budget for the corporation for the succeeding fiscal year. This budget proposal shall also be accompanied by an estimate of the
gross
proceeds
and
net proceeds to be deposited into the
state
general fund and
lottery account during the succeeding
fiscal year;
and

Section 2
.

This act is effective July 1, 201
8
.

(END)

1
HB0138