Source: http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb101%20intr.htm&yr=2014&sesstype=1X&i=101
Timestamp: 2018-03-21 07:55:18
Document Index: 339439638

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

A BILL to amend and reenact §29-22-18d of the Code of West Virginia, 1931, as amended; to amend said code by adding thereto three new sections, designated §29-22A-10d, §29-22A-10e and §29-22A-10f; to amend said code by adding thereto a new section, designated §29-22C-27a; and to amend said code by adding thereto a new section, designated §29-25-22b, all relating to the transfer of certain revenues derived from lottery activities generally; reducing the distributions to the West Virginia Infrastructure Fund to $20 million for fiscal year 2015 and increasing the percentage of funds available for grants therefrom; reducing the amount that may be transferred to the Racetrack Modernization Fund to $9 million; transferring certain revenues derived from racetrack video lottery, lottery racetrack table games and lottery historic resort hotel gaming activities to the State Excess Lottery Revenue Fund for appropriation; reducing statutory distributions to capital reinvestment, purse funds and development funds by ten percent; and authorizing distributions to be paid on a pro rata basis.
NOTE: The purpose of this bill is to redistribute certain revenues to the State Excess Lottery Revenue Fund for appropriation.
§29-22A-10d, §29-22A-10e, §29-22A-10f, §29-22C-27a and §29-25-22b are new; therefore, it has been completely underscored.