74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 363
 
                         House Bill 2279
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of Governor Theodore R.
  Kulongoski for Oregon Department of Administrative Services)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Corrects name of fund from which net receipts of video lottery
games are transferred to counties for economic development
activities.
 
                        A BILL FOR AN ACT
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 Oregon:
  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.
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