1999 Session

Budget Amendments - HB1450 (Committee Approved)

Cash Payment Of Lottery Prizes (language only)

Item 566.1 #1h

Item 566.1 #1h

Independent Agencies
Lottery Department, State

Page 445, after line 55, insert:
"C.  The Lottery Board shall adopt regulations, consistent with federal law and regulations, that allow lottery winners who are currently receiving payments in the form of an annuity to elect a one-time cash payment in lieu of such annuity."

(This amendment is self-explanatory.)