Establishment; Purpose; Administration; Investment of Funds

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Sec. 3. There is established the lottery surplus fund to receive deposits of surplus lottery revenues collected under this article. The fund shall be administered by the treasurer of state. The treasurer of state shall invest the money in the fund that is not needed to meet the obligations of the fund in the same manner as other public funds are invested. The auditor of state shall transfer the balance in the fund at the end of a state fiscal year to the state general fund.

As added by P.L.341-1989(ss), SEC.1. Amended by P.L.108-2019, SEC.61.


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