Kansas Statutes

§ 74-8712 — Lottery prize payment fund

Kansas·Ch. 74 STATE BOARDS, COMMISSIONS AND AUTHORITIES·Art. 87 STATE LOTTERY
(a)There is hereby established in the state treasury the lottery prize payment fund.
(b)The executive director shall certify periodically to the director of accounts and reports such amounts as the executive director determines necessary to pay prizes to the holders of valid winning lottery tickets or shares or for the purchase of nonmonetary prizes. Upon receipt of such certification, the director of accounts and reports shall transfer the amount certified from the lottery operating fund to the lottery prize payment fund. Moneys credited to the fund shall be expended only for:
(1)The payment of prizes to the holders of valid winning lottery tickets or shares;
(2)the reimbursement of retailers who have paid holders of winning tickets or shares;
(3)the purchase of nonmonetary prizes; o

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Related

§ 75-6201
Kansas § 75-6201
§ 75-3732
Kansas § 75-3732

Legislative History

L. 1987, ch. 292, § 12; L. 1988, ch. 314, § 5; L. 2000, ch. 173, § 19; July 1.

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