Summary of the Perfected Version of the Bill
HCS HB 1731 -- GAMING AND LOTTERY MONEYS (Day)
COMMITTEE OF ORIGIN: Committee on Veterans
This substitute changes the laws regarding the distribution of
gaming moneys. At least 30.5% of the money received from the
sale of lottery tickets must be appropriated to education, with
27% to general education and 3.5% to early childhood development.
The substitute increases from $4.5 million to $5 million the
amount that must be transferred from the Gaming Commission Fund
to the Access Missouri Financial Assistance Fund.
The substitute also increases, from $3 million to $5.5 million,
the portion of any remaining net proceeds in the Gaming
Commission Fund that is to be transferred to the Missouri
National Guard Trust Fund and moves the distribution of certain
remaining net proceeds in the Gaming Commission Fund from the
Early Childhood Development, Education and Care Fund to the
Veterans’ Commission Capital Improvement Trust Fund.
FISCAL NOTE: No impact on General Revenue Fund in FY 2013, FY
2014, and FY 2015. Estimated Net Income on Other State Funds of
Unknown expected to exceed $1,000,000 in FY 2013, FY 2014, and FY
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