Staff Analysis of the Legislation
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This bill would amend Code Section 50-27-13 of the O.C.G.A. to provide that the net proceeds of the lottery would in no event equal less than 27.5% in FY 2015; 28.5% in FY 2016, and 29.5 % in FY 2017. In FY 2018 and after, the net proceeds would equal at least 35 percent as much as practical, but never below 30%. If the net proceeds in any year are less than the previous year (in dollars), the previous year’s percentage would remain in effect until the net proceeds exceed the previous year. |