Lottery, Corporation - As introduced, requires the state funding board's approval of the lottery corporation's estimate of maximized net lottery proceeds and for payment of bonuses to lottery corporation executives. - Amends TCA Title 4, Chapter 51.
  • Bill History
  • Amendments
  • Video
  • Summary
  • Fiscal Note
  • Votes
  • Actions For SB2279Date
    Action Def. in S. Ed. Comm. to 2/29/201202/15/2012
    Placed on S. Ed. Comm. cal. for 2/15/201202/08/2012
    P2C, ref. to S. Ed. Comm.01/13/2012
    Intro., P1C.01/12/2012
    Filed for intro.01/11/2012
    Actions For HB2651Date
    Taken Off Notice For Cal. in s/c S&LG Subcommittee of State & Local Government Committee 03/14/2012
    Placed on s/c cal S&LG Subcommittee for 3/14/201203/07/2012
    Action Def. in s/c S&LG Subcommittee to 3/14/201203/07/2012
    Placed on s/c cal S&LG Subcommittee for 3/7/201202/29/2012
    Action Def. in s/c S&LG Subcommittee to 3/7/201202/22/2012
    Placed on s/c cal S&LG Subcommittee for 2/22/201202/15/2012
    Action Def. in s/c S&LG Subcommittee to 2/22/201202/15/2012
    Placed on s/c cal S&LG Subcommittee for 2/15/201202/08/2012
    Action Def. in s/c S&LG Subcommittee to 2/15/201202/08/2012
    Placed on s/c cal S&LG Subcommittee for 2/8/201202/01/2012
    Assigned to s/c S&LG Subcommittee01/25/2012
    P2C, ref. to State & Local Government Committee01/23/2012
    Intro., P1C.01/19/2012
    Filed for intro.01/17/2012
  • No amendments for SB2279.
    No amendments for HB2651.

  • Videos containing keyword: SB2279

  • Fiscal Summary

    Other Fiscal Impact - To the extent the State Funding Board approves a percentage return to the state less than 35 percent, any change to net lottery proceeds is estimated to be not significant. If the State Funding Board required the Tennessee Education Lottery Corporation to return at least 35 percent of lottery proceeds to the state, a significant unknown decrease in net lottery proceeds is likely to occur.


    Bill Summary

    Present law generally requires that net lottery proceeds equal at least 35 percent of the lottery proceeds or an amount that maximizes net lottery proceeds; provided, however, that if the lottery corporation determines that an amount that maximizes net lottery proceeds is less than 35 percent of the lottery proceeds, then, immediately upon making such determination, the corporation must file with the state funding board a statement of reasons supporting such determination and a projection of such amount. This bill requires that the state funding board must approve the lottery corporation's estimate of maximized net lottery proceeds before any proposed percentage below 35 percent may be adopted.

    This bill also requires pre-approval of the state funding board for any bonus payable to the chief executive officer or any other of the lottery corporation's executive employees.

  • FiscalNote for SB2279/HB2651 filed under SB2279
  • House Floor and Committee Votes

    Votes for Bill HB2651 by the House are not available.

    Senate Floor and Committee Votes

    Votes for Bill SB2279 by the Senate are not available.