Unannotated Code of Maryland (Last Updated: May 16, 2014) |
STATE GOVERNMENT |
TITLE 9. MISCELLANEOUS EXECUTIVE AGENCIES |
SUBTITLE 1. STATE LOTTERY AND GAMING CONTROL AGENCY |
§ 9-120. Distribution of State Lottery Fund
Latest version.
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(a) In general. -- The Comptroller shall distribute, or cause to be distributed, the State Lottery Fund to pay:
(1) on a pro rata basis for the daily and nondaily State lottery games, the expenses of administering and operating the State lottery, as authorized under this subtitle and the State budget; and
(2) then, except as provided in § 10-113.1 of the Family Law Article and § 11-618 of the Criminal Procedure Article, the holder of each winning ticket or share.
(b) Deposits into specific funds; availability of funds. --
(1) By the end of the month following collection, the Comptroller shall deposit or cause to be deposited:
(i) into the Maryland Stadium Facilities Fund established under § 7-312 of the State Finance and Procurement Article from the money that remains in the State Lottery Fund, after the distribution under subsection (a) of this section, an amount not to exceed $ 20,000,000 in any fiscal year;
(ii) after June 30, 2014, into the Maryland Veterans Trust Fund 10% of the money that remains in the State Lottery Fund from the proceeds of sales of tickets from instant ticket lottery machines by veterans' organizations under § 9-112(d) of this subtitle, after the distribution under subsection (a) of this section;
(iii) after June 30, 2014, into the Baltimore City Public School Construction Financing Fund established under § 10-656 of the Economic Development Article the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) and (ii) of this paragraph, an amount equal to $ 20,000,000 in each fiscal year that bonds are outstanding and unpaid, to be paid in two installments with at least $ 10,000,000 paid no later than December 1 of each fiscal year; and
(iv) into the General Fund of the State the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i), (ii), and (iii) of this paragraph.
(2) The money paid into the General Fund under this subsection is available in the fiscal year in which the money accumulates in the State Lottery Fund.
(c) Apportionment. -- The regulations of the Agency shall apportion the money in the State Lottery Fund in accordance with subsection (b) of this section.
HISTORY: An. Code 1957, art. 88D, § 7, 20; 1984, ch. 284, § 1; 1987, chs. 124, 315; 1994, ch. 475; 1996, ch. 585, § 18; 1997, ch. 14, § 20; 2001, ch. 35; 2012, ch. 66, § 1; 2012 2nd Sp. Sess., ch. 1, § 1; 2013, ch. 43, § 5; ch. 647, § 1.