SENATE BILL NO. 416
AS AMENDED BY SENATE AMENDMENT NO. 1
AN ACT TO AMEND CHAPTER 48,TITLE 29, DELAWARE CODE, PERTAINING TO THE STATE LOTTERY.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Strike Section 4815, Title 29, Delaware Code, In its entirety and substitute
In lieu thereof the following:
§4815. State Lottery Fund.
All moneys received from the sale of lottery tickets shall be accounted for to the State Treasurer and all net moneys shall be placed into a special account known as the State Lottery Fund. From the fund, the Director shall first pay for the operation and administration of the lottery as authorized in this subchapter and thereafter shall pay as prizes not less than 45% on the average of the total amount of tickets which have been sold and are scheduled for sale throughout the games, which percentage shall Include prizes already awarded or to be awarded. The total of payments for operations and administration of the lottery shall not exceed 20% of the gross amount received from the sale of tickets. The remaining moneys shall accumulate in the State Lottery Fund for the payments of operations and administration costs and on a monthly basis, or more frequently If required by the Director, there shall be placed into the General Fund of the State a payment of earnings provided that no less than 30% of the total revenues accruing from the sale of tickets or shares shall be so dedicated. in the event that the percentage allocated for operations (including prize payments) generates a surplus, said surplus shall be allowed to accumulate to an amount not to exceed $1,000,000. On a quarterly basis, the Director shall report to the Secretary of Finance any surplus in excess of $1,000,000 and remit to the General Fund of the State the entire amount of those surplus funds In excess of $1,000,000."
Section 2. Amend Subsection (b) of Section 4810, Title 29, Delaware Code, by striking the following words: "or the Division of Central Data Processing".
Section 3. Amend Chapter 48, Title 29 of the Delaware Code by adding thereto a new section to read as follows:
§4818. Disclosure of certain Information of a prize winner.
The name and address of any prize winner under this Chapter shall not be disclosed to the public by the State Lottery Office unless permission is given by the prize winner."
Section 4. This Act shall be effective July I, 1988.
Approved July 14, 1988.