SENATE BILL No. 1230

April 16, 2002, Introduced by Senator SCHWARZ and referred to the Committee on

Appropriations.

A bill to amend 1972 PA 239, entitled

"McCauley-Traxler-Law-Bowman-McNeely lottery act,"

by amending section 12 (MCL 432.12), as amended by 1998 PA 393.

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

1 Sec. 12. (1) Except as otherwise provided in subsection

2 (3) (2), as nearly as is practicable, until January 1, 2003,

3 not less than 45% of the total annual revenue accruing from the

4 sale of lottery tickets or shares shall be apportioned for pay-

5 ment of prizes to the holders of winning tickets or shares.

6 (2) On or after January 1, 2003, 45% of the total revenue

7 shall be apportioned for payment of prizes.

8 (2) (3) Notwithstanding subsections (1) and (2)

9 SUBSECTION (1), the prize money from the sale of tickets or

10 shares of any joint enterprise shall be IS that percentage of

11 the total annual revenue accrued from that game as prescribed by

05533'01 TDR

2

1 the joint enterprise participation agreement executed by the

2 commissioner.

05533'01 Final page. TDR