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204
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Ch. 50
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LAWS OF MARYLAND
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 88D - State Lottery
20.
(c) For the fiscal years ending [June 30, 1981, June 30,
1982, and ] June 30, 1983, JUNE 30, 1984, AND JUNE 30, 1985, 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. In the fiscal year [1984] 1986 no lottery revenues shall
be placed in the General Fund of the State. In the fiscal year
[1985] 1987 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.
(b) From the fund, the Comptroller shall first pay for the
operation and administration of the lottery as authorized in this
article, including the expenses of the Agency as allowed in the
annual State budget, which payment shall be prorated between
daily and nondaily lottery games.
[(1) From the moneys in the fund, the Comptroller
shall establish a special reserve fund of $8,000,000 for the
operation of the daily lottery game to be used only if the daily
game's pay-out liabilities exceed its cash on hand.
(2)] The moneys remaining in the fund from any
lottery game shall be available for distribution to the holders
of winning tickets or shares; that portion of the moneys which is
not [placed in the special reserve fund or] distributed to the
holders of winning tickets or shares shall be the State's share
and shall be distributed as provided in subsection (c) of this
section.
(c) [For the fiscal years ending June 30, 1981, June 30,
1982, and June 30, 1983, the] THE State's share shall be
accumulated DURING EACH FISCAL YEAR in the [fund] STATE LOTTERY
FUND on a monthly basis and each month's share shall be paid over
promptly after the first DAY 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. In the fiscal year 1984 no
lottery revenues shall be placed in the General Fund of the
State. In the fiscal year 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] STATE LOTTERY
FUND.
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