File Code: Agencies, Offices, and Officials
Prior Year Introduction As: HB 459/97 - W&M
- Sponsored By:
-
Delegate Gordon
- Entitled:
-
State Lottery - Prizes - Lump-Sum Payment
Requiring the Director of the State Lottery Agency to give a prize
winner the option to receive a lump-sum payment equalling the present
cash value of a prize instead of an annuity when the prize for the
winning ticket equals or exceeds $250,000; requiring the Director to
determine the present cash value of a prize; requiring a player who
wishes to receive a lump-sum payment to exercise the option to do so
when purchasing the winning ticket; and prohibiting the revocation of
an option to receive a lump-sum payment of a prize.
House Action
- 1/19
- First Reading Ways and Means
- 2/17
- Withdrawn
Senate Action
- No Action
- Bill indexed under the following Subjects:
- ADMINISTRATIVE AGENCIES
- LOTTERY
- Bill affects the following Statutes:
- State Government
- (
9-101 ,
9-122.1
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Not available at this time
- Amendments:
None offered
