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SB 0526 - Lottery for Education Act; define certain terms; under certain conditions lottery winnings may be assigned; court order

Tracking Level: Monitor
Sponsor: Harp,Seth 29th
Last Action: 4/4/2008 - House Postponed
Senate Committee: ECD
House Committee: HEd
Assigned To:
05. Superior CourtsNext Bill

Staff Analysis of the Legislation

This bill amends Article 1 of Chapter 27 of Title 50 of the Official Code of Georgia Annotated, relating to general provisions relative to the "Lottery for Education Act,”. Each court order issued this Code section shall provide that any delinquent child support or criminal restitution obligations of the assignor and any debts owed to a state agency by the assignor, as of the date of the court order, shall be set off by the corporation first against remaining payments or portions thereof due the prize winner and then against payments due the assignee. A court order or a combination of court orders under this Code section may not require the corporation to divide a single prize payment among more than three different persons. If the federal Internal Revenue Service or a court of competent jurisdiction issues a determination letter, revenue ruling, or other public document declaring that the voluntary assignment of prizes will affect the federal income tax treatment of lottery prize winners who do not assign their prizes, then within 15 days after the corporation receives the letter, ruling, or other document, the director of the corporation shall file a copy of it with the Attorney General and a court may not issue an order authorizing a voluntary assignment.

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