SB 5 — Lottery for Education; net proceeds transferred to the state treasury for credit to the Lottery for Education Account; establish the percentage
House Withdrawn, Recommitted
A BILL to be entitled an Act to amend Code Section 50-27-13 of the Official Code of Georgia Annotated, relating to disposition of lottery proceeds, budget report by Governor, appropriations by General Assembly, and shortfall reserve subaccount, so as to establish the percentage of the lottery proceeds for each fiscal year which must equal the net proceeds to be transferred to the state treasury for credit to the Lottery for Education Account; to provide for exceptions; to provide for verification of certain information by the Department of Audits and Accounts; to provide for related matters; to repeal conflicting laws; and for other purposes.
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