Key Votes
SB 577 - State Lottery Privatization - Key Vote
Indiana Key Votes
Stages
- March 6, 2007 House Bill Sent To Committee
- Feb. 27, 2007 Senate Bill Passed
- Jan. 23, 2007 Introduced
Family
Issues
Stage Details
Legislation - Bill Sent To Committee (House) - March 6, 2007
Legislation - Bill Passed (Senate) (27-20) - Feb. 27, 2007 (Key vote)
Title: State Lottery Privatization
Vote Smart's Synopsis:
Vote to pass a bill that allows private entities to manage the state lottery.
Highlights:
- Forbids a private manager of the lottery from operating any keno games, video lottery games, or pari-mutuel betting on races (sec. 64).
- Requires a potential manager to make an initial payment at least $1 billion, and four annual payments of at least $50 million each (sec. 64).
- Provides for the states restrictions on the managers excess revenue (sec. 64).
- Appropriates 60 percent of lottery funds or $600 million, whichever is less, to the Indiana life sciences fund to provide grants to postsecondary research institutions (sec. 65).
- Appropriates 40 percent of lottery funds or $400 million, whichever is less, to the Hoosier Hope Scholarship Fund to provide tuition for Indiana students who agree to work in the state for three years after their graduation [sec. 65, sec. 69].
-Appropriates any remaining lottery funds to the state pension relief fund and the state general fund (sec. 65).
Legislation - Introduced (Senate) - Jan. 23, 2007
Title: State Lottery Privatization
Sponsors
Co-sponsors
- B. Patrick Bauer (IN - D)
- Jeffrey K. 'Jeff' Espich (IN - R) (Out Of Office)
