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LAWS OF MARYLAND

Ch. 108

CHAPTER 108

(Senate Bill 236)

AN ACT concerning

State Lottery - State Lottery Fund

FOR the purpose of changing the time of payment of the
State's share of lottery revenues into the General Fund
of the State beginning with a certain fiscal year so
that the State's share accumulated in the Fund shall be
transferred to the General Fund on a monthly basis and
for certain fiscal years; that the State's share shall
be available as General Fund revenues in the fiscal
year in which it is accumulated certain fiscal years in
which accumulated; and generally relating to lottery
revenues.

BY repealing and reenacting, with amendments,

Article 88D - State Lottery

Section 20(c)

Annotated Code of Maryland

(1979 Replacement Volume and 1980 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 88D - State Lottery

20.

(c) For the fiscal [years 1978, 1979, 1980, 1981, and
1982 only,] YEAR YEARS ENDING JUNE 30, 1981 AND EACH FISCAL
YEAR THEREAFTER, JUNE 30, 1982, AND JUNE 30, 1983, the
State's share shall be accumulated in the fund on a monthly
basis and each month's share shall be paid over promptly
after the first of each month for the preceding month into
the General Fund of the State. These moneys shall be
available as General Fund revenues in THE FISCAL YEAR IN
WHICH THEY ACCUMULATED IN THE FUND [fiscal years 1978, 1979,
1980, 1981, and 1982 in which accumulated]. In the fiscal
year 1983 1984 no lottery revenues shall be placed in the
General Fund of the State. In the fiscal year 1984 1985 and
each fiscal year thereafter the State's share shall be
accumulated in the fund on a fiscal year basis and each
twelve-month's share shall be placed in the General Fund of
the State for the next fiscal year].

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1981.