California State Lottery: prize assignment.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill modifies the California State Lottery Act to allow for the assignment of lottery prize payments, rather than the right to a prize itself. It outlines specific circumstances under which assignment is permitted, including judicial orders appointing conservators or guardians or adjudicating rights to the prize. The bill establishes detailed requirements for judicial orders, including stipulations regarding legal representation, understanding of the assignment, and consent from any spouse. It also addresses potential issues related to collateral assignments and tax implications.
Key provisions
- Allows assignment of lottery prize payments under specific judicial orders (conservators/guardians or prize adjudication).
- Requires a court order to specify the amount, dates, and terms of the assignment.
- Establishes requirements for prizewinner legal representation and understanding of the assignment.
- Addresses potential consent from a spouse if the prizewinner is married.
- Provides for a statutory lien to protect prizewinner rights from creditors.
- Includes provisions regarding notification to the lottery and the Controller.
- Addresses potential tax implications related to assignment of prize payments.
- Specifies conditions for assignments secured by collateral, including limitations on creditor rights.
Who is affected
- California State Lottery
- Lottery Prizewinners
- Legal Professionals (specifically attorneys representing prizewinners)
Bill text
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Sponsors
Official sponsors from legislative records.
1 on record
Primary sponsor
Committee on Governmental Organization
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