HB4333 HFIN AMT 2-24                                         McO

    Com. Sub. For H. B. 4333 –- “A Bill to amend and reenact §29-22-18d of the Code of West Virginia, 1931, as amended; to amend said code by adding thereto three new sections, designated §29-22A-10d, §29-22A-10e and §29-22A-10f; to amend said code by adding thereto a new section, designated §29-22C-27a; and to amend said code by adding thereto a new section, designated §29-25-22b, all relating to the transfer of certain revenues derived from lottery activities for distribution for the purposes for which the revenues are distributed under current law generally; reducing the distribution to the West Virginia Infrastructure Fund to $20 million for fiscal year 2015; increasing the percentage of funds available for grants from the West Virginia infrastructure fund for fiscal year 2015; transferring certain revenues derived from racetrack video lottery, lottery racetrack table games and lottery historic hotel gaming facility activities to the state excess lottery revenue fund, and distributing revenues from the state excess lottery revenue fund solely for the purposes that those revenues are distributed from racetrack video lottery, lottery racetrack table games and lottery historic hotel gaming facility activities under current law, all for fiscal year 2015 only.”

ADOPTED

REJECTED