HB 0055 2004
1	A bill to be entitled
2	An act relating to the state lottery; amending s. 24.115,
3	F.S.; providing that all unclaimed prize money from
4	lottery tickets, except instant lottery tickets, shall be
5	deposited in the Educational Enhancement Trust Fund;
6	amending s. 24.121, F.S.; providing that unclaimed prize
7	money deposited in the Educational Enhancement Trust Fund
8	may be used only to provide funding for grades K-12
9	through the Florida Education Finance Program; amending s.
10	1010.70, F.S., relating to the Educational Enhancement
11	Trust Fund, to conform; providing an effective date.
12
13	Be It Enacted by the Legislature of the State of Florida:
14
15	Section 1. Subsection (2) of section 24.115, Florida
16	Statutes, is amended to read:
17	24.115 Payment of prizes.--
18	(2) All unclaimed prize money, except unclaimed prize
19	money from instant lottery tickets, shall be deposited in the
20	Educational Enhancement Trust Fund to be used to provide funding
21	for grades K-12 as provided in s. 24.121. Unclaimed prize money
22	from instant lottery ticketsshall be added to the pool from
23	which future prizes are to be awarded or used for special prize
24	promotions.
25	Section 2. Subsection (2) of section 24.121, Florida
26	Statutes, is amended to read:
27	24.121 Allocation of revenues and expenditure of funds for
28	public education.--
29	(2) Each fiscal year, at least 39 percent of the gross
30	revenue from the sale of on-line lottery tickets, variable
31	percentages of the gross revenue from the sale of instant
32	lottery tickets as determined by the department consistent with
33	subsection (1), unclaimed prize money, except unclaimed prize
34	money from instant lottery tickets,and other earned revenue,
35	excluding application processing fees, shall be deposited in the
36	Educational Enhancement Trust Fund, which is hereby created in
37	the State Treasury to be administered by the Department of
38	Education. The Department of the Lottery shall transfer moneys
39	to the Educational Enhancement Trust Fund at least once each
40	quarter. Funds in the Educational Enhancement Trust Fund shall
41	be used to the benefit of public education in accordance with
42	the provisions of this act, except for funds from unclaimed
43	prize money, which shall be used only to provide funding for
44	grades K-12 through the Florida Education Finance Program.
45	Notwithstanding any other provision of law, lottery revenues
46	transferred to the Educational Enhancement Trust Fund shall be
47	reserved as needed and used to meet the requirements of the
48	documents authorizing the bonds issued by the state pursuant to
49	s. 1013.68, s. 1013.70, or s. 1013.737 or distributed to school
50	districts for the Classrooms First Program as provided in s.
51	1013.68. Such lottery revenues are hereby pledged to the payment
52	of debt service on bonds issued by the state pursuant to s.
53	1013.68, s. 1013.70, or s. 1013.737. Debt service payable on
54	bonds issued by the state pursuant to s. 1013.68, s. 1013.70, or
55	s. 1013.737 shall be payable from, and is secured by a first
56	lien on, the first lottery revenues transferred to the
57	Educational Enhancement Trust Fund in each fiscal year. Amounts
58	distributable to school districts that request the issuance of
59	bonds pursuant to s. 1013.68(3) are hereby pledged to such bonds
60	pursuant to s. 11(d), Art. VII of the State Constitution.
61	Section 3. Section 1010.70, Florida Statutes, is amended
62	to read:
63	1010.70 Educational Enhancement Trust Fund.--Each fiscal
64	year, at least 39 percent of the gross revenue from the sale of
65	lottery tickets, variable percentages of the gross revenue from
66	the sale of instant lottery tickets as determined by the
67	department, unclaimed prize money, except unclaimed prize money
68	from instant lottery tickets,and other earned revenue,
69	excluding application processing fees, shall be deposited in the
70	Educational Enhancement Trust Fund as provided in s. 24.121.
71	Section 4. This act shall take effect July 1, 2004.