Chapter 51
AN ACT
HB 2279
Relating to transfer of funds from Administrative Services Economic
Development Fund; amending ORS 461.547.
Be It Enacted by the People of
the State of
SECTION 1. ORS 461.547 is amended to read:
461.547. (1) The Oregon
State Lottery Commission shall transfer an amount equal to 2.5 percent of the
net receipts from video lottery games [from
the State Lottery Fund] allocated to the Administrative Services
Economic Development Fund to counties for economic development activities.
Ninety percent of the moneys shall be distributed to each county in proportion
to the gross receipts from video lottery games from each county. Ten percent of
the moneys shall be distributed in equal amounts to each county.
(2) As used in this
section:
(a) “Gross receipts from
video lottery games” means the amount of money inserted into video lottery
games plus the value of any free game prizes used by players for subsequent
games.
(b) “Net receipts from
video lottery games” means the amount of money that is received from the
operation of video lottery games after the payment of prizes but prior to any
other payment.
Approved by the Governor April 17, 2007
Filed in the office of Secretary of State April 17, 2007
Effective date January 1, 2008
__________