Source: http://wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=SB13%20INTR.htm&yr=2019&sesstype=RS&i=13
Timestamp: 2019-07-23 04:03:42
Document Index: 96842904

Matched Legal Cases: ['§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29', '§29']

A BILL to amend and reenact §29-22A-10d and §29-22A-10e of the Code of West Virginia, 1931, as amended, all relating to changes in distribution of racetrack video lottery net terminal income, excess net terminal income, and excess lottery fund.
(b) Notwithstanding any provision of §29-22A-10(c) of this code to the contrary, for the fiscal year beginning July 1, 2014, and each fiscal year thereafter, each distribution, except those distributions to be made pursuant to subdivisions §29-22A-10(c)(1), §29-22A-10(c)(2), §29-22A-10(c)(3), §29-22A-10(c)(4), §29-22A-10(c)(5), §29-22A-10(c)(7), and §29-22A-10(c)(9) of this code, shall be reduced by 100 percent. Payments shall not be made pursuant to §29-22A-10 of this code, other than those excepted by this subsection, and are made in lieu thereof in an amount to be determined by appropriation from the State Excess Lottery Revenue Fund.
(e) Prior to payment of any appropriation made pursuant to this section, debt service payments payable from the State Excess Lottery Fund shall first be paid in accordance with the provisions of §29-22-18a, §29-22-18d, and §29-22-18e of this code and in the priority as defined by §29-22-18f(c) of this code.
(g) The amendments made to this section during the 2019 Regular Session of the Legislature are effective beginning on July 1, 2020.
(a) Notwithstanding any provision of §29-22A-10b(a) of this code to the contrary, for the fiscal year beginning July 1, 2014, and each fiscal year thereafter, each distribution, except those distributions to be made pursuant to §29-22A-10b(a)(1), §29-22A-10b(a)(2), §29-22A-10b(a)(3), §29-22A-10b(a)(4), §29-22A-10b(a)(5), §29-22A-10b(a)(7), and §29-22A-10b(a)(9) of this code, shall be reduced by 100 percent. Payments shall not be made pursuant to §29-22A-10b of this code, other than those excepted by this subsection, and are made in lieu thereof in an amount to be determined by appropriation from the State Excess Lottery Revenue Fund.
(f) The amendments made to this section during the 2019 Regular Session of the Legislature shall be effective beginning on July 1, 2020.
NOTE: The purpose of this bill is to allocate a certain amount of net and excess terminal income from racetrack video lottery distributed to licensed racetrack purse funds once the Workers’ Compensation Debt Reduction Fund is fully funded, as originally intended in the 2005 enabling legislation and in current code §29-22A-10(c)(9) and code §29-22A-10b(a)(9).