ORS 461.510
State Lottery Fund

  • types of disbursements

(1)

All money payable to the commission shall be deposited in a fund known as the State Lottery Fund. The State Lottery Fund shall receive all proceeds from the sale of lottery tickets or shares, the temporary loan for initial start-up costs and all other moneys credited to the Oregon State Lottery from any other lottery-related source. The State Lottery Fund is continuously appropriated for the purpose of administering and operating the commission and the state lottery.

(2)

Disbursements shall be made from the State Lottery Fund for any of the following purposes:

(a)

The payment of prizes to the holders of valid winning lottery tickets or shares;

(b)

Expenses of the commission and the state lottery;

(c)

Repayment of any funds advanced from the temporary loan for initial start-up costs and the interest on any such funds advanced; and

(d)

Transfer of funds from the State Lottery Fund to the benefit of the public purpose described in section 4, Article XV of the Constitution of the State of Oregon.

(3)

As nearly as practical, at least 50 percent of the total projected revenue, computed on a year-round basis, accruing from the sales of all state lottery tickets or shares shall be apportioned for payment of prizes.

(4)

Expenses of the state lottery shall include all costs incurred in the operation and administration of the state lottery and all costs resulting from any contracts entered into for the purchase or lease of goods or services required by the commission including, but not limited to, the costs of supplies, materials, tickets, independent audit services, independent studies, data transmission, advertising, promotion, incentives, public relations, communications, compensation paid to lottery game retailers, bonding for lottery game retailers, printing, distribution of tickets and shares, reimbursing other governmental entities for services provided to the state lottery, transfers to a contingency reserve, and for any other goods and services necessary for effectuating the purposes of this chapter. No more than 16 percent of the total annual revenues accruing from the sale of all lottery tickets and shares from all lottery games shall be allocated for the payment of the expenses of the state lottery. The commission shall determine the amount necessary for a reasonable contingency reserve within the amount allocated for payment of expenses.

(5)

The state lottery shall pay all prizes and all of its expenses out of the revenues it receives from the sale of tickets and shares to the public and turn over the net proceeds therefrom to a fund to be established by the Legislative Assembly from which the Legislative Assembly shall make appropriations for the benefit of the public purpose described in section 4, Article XV of the Constitution of the State of Oregon.

(6)

Moneys in the State Lottery Fund may be invested as provided in ORS 293.701 (Definitions for ORS 293.701 to 293.857) to 293.857 (Separate accounts for each local government). Interest earned by the fund shall be credited to the fund. [1985 c.2 §7(1) to (5); 1985 c.302 §7(1) to (5); 1987 c.268 §2; 1989 c.966 §52; 2009 c.821 §30b]

Source: Section 461.510 — State Lottery Fund; types of disbursements, https://www.­oregonlegislature.­gov/bills_laws/ors/ors461.­html.

461.010
Definitions
461.015
Short title
461.020
Purpose
461.030
Local laws preempted
461.040
Effect on other gambling laws
461.050
Location of offices
461.100
Oregon State Lottery Commission
461.110
Criminal identification information available to lottery
461.120
Commission exempt from certain laws
461.130
Authority of commission
461.140
Annual budget report
461.150
State lottery director
461.160
Authority of director to contract for services
461.170
Coordination between director and commission
461.180
Studies
461.190
Assistant Director for Security
461.200
Operation of lottery
461.202
Transportation of gambling devices
461.210
Security measures
461.215
Video lottery games
461.217
Video lottery game regulation
461.220
Number and value of prizes
461.230
Method for determining winners
461.240
Sale price of tickets and shares
461.250
Validation and payment of prizes
461.251
Reporting of certain prize winners to Department of Human Services
461.253
Voluntary assignment of prizes
461.257
Judicial order suspending voluntary assignment laws upon finding of adverse tax consequences for all prize winners
461.260
Distribution of tickets and shares
461.300
Selection of retailers
461.310
Compensation for retailers
461.330
Display of certificate of authority
461.335
Temporary letter of authority
461.400
Procurements
461.410
Vendor disclosure for major procurements
461.420
Contract with vendor convicted of crime prohibited
461.430
Contractor required to comply with applicable laws
461.440
Commission’s authority to contract
461.445
Policy on payment to contractors
461.500
Lottery to be self-supporting
461.510
State Lottery Fund
461.512
Management of lottery moneys received by county
461.520
Establishment of checking accounts and petty cash fund
461.530
Oregon State Lottery Fund
461.535
Intercollegiate Athletic Fund
461.540
Administrative Services Economic Development Fund
461.543
Sports Lottery Account
461.544
Use of proceeds of video lottery games
461.547
Distribution of certain video lottery revenues to counties for economic development
461.548
Video lottery proceeds to be treated separately from other lottery proceeds
461.549
Use of video lottery proceeds for treatment of gambling-related behavioral problems
461.550
Expenditure limitation not applicable to lottery
461.553
ODAS Economic Development Distributions Fund
461.555
Capital Construction Trust Fund
461.557
DOT Economic Development Distributions Fund
461.559
Reversion of lottery allocations
461.560
Taxation of sales and prizes
461.600
Sales to minors
461.700
Additional disclosure requirements
461.715
Holding of certain lottery prizes for child support
461.719
Holding of certain lottery prizes for overpayment of assistance
461.725
Enforcement officers to enforce prohibition on gray machines
461.740
Policy on hiring by firms receiving lottery-funded benefits
461.800
Short title
461.810
Definitions
461.820
Promotion of responsible gambling
Green check means up to date. Up to date