HB 2597
Relating to the transfer of certain revenues derived from lottery activities generally, restoring distribution to the West Virginia Infrastructure Fund to 2013 rates and decreasing the funds available for grants therefrom
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies how lottery revenue is distributed in West Virginia. It aims to restore the amount transferred to the West Virginia Infrastructure Fund to the rates established in 2013 and reduces the funds available for grants from that fund. The bill also adjusts distributions to the Racetrack Modernization Fund, eliminates certain lottery revenue distributions, and restores funding to capital reinvestment, purse funds, and development funds to their 2013 levels. Finally, it removes the provision for distributing lottery revenue on a pro rata basis.
Key provisions
- Restores lottery revenue distribution to the West Virginia Infrastructure Fund to 2013 rates.
- Decreases the amount of funds available for grants from the West Virginia Infrastructure Fund.
- Restores lottery revenue distribution to the Racetrack Modernization Fund to 2013 rates.
- Eliminates certain statutory distributions to the State Excess Lottery Revenue Fund.
- Restores statutory distributions to capital reinvestment, purse funds, and development funds to 2013 rates.
- Eliminates the statutory authorization for distributing lottery revenue on a pro rata basis.
Who is affected
- West Virginia State Government
- West Virginia Infrastructure Fund
- Racetrack Modernization Fund
- Lottery Operators
- State Lottery Players
Notable changes
- Reduces funding for grants from the West Virginia Infrastructure Fund.
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