Date Requested: February 17, 2016
Time Requested: 05:29 PM
Agency: Lottery Commission
CBD Number: Version: Bill Number: Resolution Number:
1950 Introduced HB4271
CBD Subject: Legal Gaming


General Revenue Fund

Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

This bill will close the Licensed Racetrack Modernization Fund and direct remaining balances to the General Revenue Fund. Currently the Racetrack Modernization Fund is funded from monies [up to $9M], if available, from Lottery's administrative surplus.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 0 0
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 10,272,000 0 0

Explanation of above estimates (including long-range effect):

The estimated total revenues for FY16 if this bill is effective immediately upon passage is $10,272,000. This total reflects the requests for reimbursement currently received but not processed; received requests have been backed out. Since the deposit into the fund is not mandatory, this bill will not create any additional money at the end of the year.


    Person submitting Fiscal Note: Danielle E. Boyd, Managing General Counsel
    Email Address: