California State Lottery: prize money: immediate payment., the official text

An act to amend Section 16401.5 of the Government Code, relating to the California State Lottery.

LEGISLATIVE COUNSEL'S DIGEST

The California State Lottery Act of 1984 authorizes a California State Lottery and provides for its operation and administration by the California State Lottery Commission and the Director of the California State Lottery. The act establishes the State Lottery Fund as a continuously appropriated fund for carrying out the purposes of the act and requires the fund to receive all proceeds from the sales of lottery tickets or shares, the temporary line of credit for initial startup costs, and all other moneys credited to the lottery from any other source. Existing law authorizes the California State Lottery to draw funds from its continuous appropriation for the purpose of making immediate payment through its revolving fund to lottery prizewinners of $1,000 or less, provided that regulations to support the action are adopted by the commission.
This bill would increase the amount that may be paid immediately to lottery winners under these provisions to $100,000.

The people of the State of California do enact as follows:

SECTION 1.
Section 16401.5 of the Government Code is amended to read:
16401.5.
(a) Notwithstanding Sections 16400 and 16401, the California State Lottery may draw funds from its continuous appropriation for the purpose of making immediate payment through its revolving fund to California State Lottery prizewinners of one hundred thousand dollars ($100,000) or less, provided that regulations to support the action are adopted by the California State Lottery Commission. The California State Lottery shall be subject to all reporting and compliance requirements mandated by this article.
(b) The California State Lottery shall maintain records of all payments made pursuant to subdivision (a).