1999 Session

Budget Amendments - SB800 (Conference Report)

Cash Payment Of Lottery Prizes (language only)

Item 566.1 #1c

Item 566.1 #1c

Independent Agencies
Lottery Department, State

Page 445, after line 55, insert:
"C.  Notwithstanding any Lottery regulations to the contrary, commencing on July 1, 1999 the State Lottery Department shall 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, consistent with federal law and regulations."

(This amendment is self-explanatory.)