SENATE BILL NO. 1148
May 19, 1998, Introduced by Senator BOUCHARD and referred to the Committee on Gaming and Casino Oversight. A bill to amend 1972 PA 239, entitled "McCauley-Traxler-Law-Bowman-McNeely lottery act," by amending section 12 (MCL 432.12), as amended by 1996 PA 167. THE PEOPLE OF THE STATE OF MICHIGAN ENACT: 1 Sec. 12. (1) Except as otherwise provided in subsection 2 (3), as nearly as is practicable until January 1, 1999 2003, 3 not less than 45% of the total annual revenue accruing from the 4 sale of lottery tickets or shares shall be apportioned for pay- 5 ment of prizes to the holders of winning tickets or shares. 6 (2) On or after January 1, 1999 2003, 45% of the total 7 revenue shall be apportioned for payment of prizes. 8 (3) Notwithstanding subsections (1) and (2), the prize money 9 from the sale of tickets or shares of any joint enterprise shall 10 be that percentage of the total annual revenue accrued from that 05180'97 TLG 2 1 game as prescribed by the joint enterprise participation 2 agreement executed by the commissioner. 05180'97 Final page. TLG