FISCAL
NOTE
WEST virginia Legislature
2017 regular session
By
[
to the Committee on
A BILL to repeal §29-22A-10d,
§29-22A-10e, §29-22A-10f of the Code of West Virginia, 1931, as amended; to
repeal §29-22C-27a of said code; to repeal §29-25-22b of said code; and to
amend and reenact §29-22-18d of said code, all relating to the transfer of
certain revenues derived from lottery activities generally, restoring
distribution to the West Virginia Infrastructure Fund to 2013 rates and
decreasing the funds available for grants therefrom; restoring the amount that
may be transferred to the Racetrack Modernization Fund to 2013 rates;
eliminating certain statutory distributions to the State Excess Lottery Revenue
Fund; restoring statutory distributions to capital reinvestment, purse funds
and development funds to 2013 rates; and eliminating the statutory
authorization for distributions to be paid on a pro rata basis.
Be it enacted by the
Legislature of West Virginia:
That §29-22A-10d, §29-22A-10e,
§29-22A-10f of the Code
of West Virginia, 1931, as amended, be repealed; that §29-22C-27a of said code be repealed; that §29-25-22b of said code be repealed; and that §29-22-18d of said code be amended and reenacted, all
to read as follows:
ARTICLE 22. STATE
LOTTERY ACT.
§29-22-18d. Increase in
allocation to West Virginia Infrastructure Fund from State Excess Lottery
Revenue Fund.
Notwithstanding any
provision of subsection (d), section eighteen-a of this article to the
contrary, the deposit of $40 million into the West Virginia Infrastructure Fund
set forth above is for the fiscal year beginning July 1, 2010, only. For the
fiscal year beginning July 1, 2011 2017 and each fiscal year
thereafter, in lieu of the deposits required under subdivision (5), subsection
(d), section eighteen-a of this article, the commission shall, first, deposit
$6 million into the West Virginia Infrastructure Lottery Revenue Debt Service
Fund created in subsection (h), section nine, article fifteen-a, chapter
thirty-one of this code, to be spent in accordance with the provisions of that
subsection and, second, deposit $40 million into the West Virginia
Infrastructure Fund created in subsection (a), section nine, article fifteen-a,
chapter thirty-one of this code, to be spent in accordance with the provisions
of that article. Provided, That for the fiscal year beginning
July 1, 2014, the deposit to the West Virginia Infrastructure Fund shall be $20
million: Provided, however, That notwithstanding the provisions of
subsection (a), section ten, article fifteen-a, chapter thirty-one of this
code, for the fiscal year beginning July 1, 2014, any moneys disbursed from the
West Virginia Infrastructure Fund in the form of grants may not exceed fifty
percent of the total funds available for the funding of projects: Provided
further, That for the fiscal year beginning July 1, 2015, the deposit to
the West Virginia Infrastructure Fund shall be $30 million: And provided
further, That notwithstanding the provisions of subsection (a), section
ten, article fifteen-a, chapter thirty-one of this code, for the fiscal year
beginning July 1, 2015, any moneys disbursed from the West Virginia
Infrastructure Fund in the form of grants may not exceed fifty percent of the
total funds available for the funding of projects: And provided further, That for the fiscal year beginning July 1,
2016, the deposit to the West Virginia Infrastructure Fund shall be $20
million: And provided further, That
notwithstanding the provisions of subsection (a), section ten, article
fifteen-a, chapter thirty-one of this code, for the fiscal year beginning July
1, 2016, any moneys disbursed from the West Virginia Infrastructure Fund in the
form of grants may not exceed fifty percent of the total funds available for
the funding of projects
NOTE: The purpose of this bill is
to restore distribution to the West Virginia Infrastructure Fund to 2013 rates;
restore the amount that may be transferred to the Racetrack Modernization Fund
to 2013 rates and decrease the funds available for grants therefrom; eliminate
certain statutory distributions to the State Excess Lottery Revenue Fund;
restore statutory distributions to capital reinvestment, purse funds and
development funds to 2013 rates; and eliminate the statutory authorization for
distributions to be paid on a pro rata basis.
Strike-throughs indicate language
that would be stricken from a heading or the present law and underscoring
indicates new language that would be added.