§ 4-30-16-1 — Administrative trust fund; uses

Indiana § 4-30-16-1

• Jurisdiction: Indiana
• Art. 30: INDIANA STATE LOTTERY
• Ch. 16: Allocation of Revenues and Expenditure of Funds

Text

The money in the administrative trust fund
shall be used for the following:
(1) To pay prizes.
(2) To pay the expenses for the operation of the lottery, including
setting aside an amount determined by the commission to be
necessary for the cash flow needs of the commission. These
expenses include all costs incurred in the operation and
administration of the lottery and all costs resulting from any
contracts entered into for the purchase or lease of goods and
services required by the lottery, including the following:
(A) The compensation paid to retailers.
(B) The costs of supplies, materials, tickets, independent audit
services, independent studies, data transmission, advertising,
promotion, incentives, public relations, communications,
security, bonding for retailers, printing, distribution of tickets,
and reimbursing other governmental entities for services
provided to the lottery.
(C) The costs of any other goods and services necessary for
carrying out this article.
(3) To make transfers of the revenue remaining after making the
payments necessary under subdivisions (1) and (2) (referred to as
"surplus revenue" in this article) to the treasurer of state for
deposit as provided in this chapter.

Legislative History

As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990, SEC.10.