October 10, 2007, Introduced by Rep. Cushingberry and referred to the Committee on Regulatory Reform.
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 2006 PA 625.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
Sec.
12. (1) Except as otherwise provided in subsection (3)
(2), as nearly as is practicable, until January 1,
2012, not less
than
45% 33% of the total annual revenue accruing from the sale
of
lottery tickets or shares shall be apportioned for payment of
prizes to the holders of winning tickets or shares.
(2)
On or after January 1, 2012, 45% of the total revenue
shall
be apportioned for payment of prizes.
(2) (3)
Notwithstanding subsections (1) and (2), the The
amount apportioned as prize money from the sale of tickets or
shares of any joint enterprise is that percentage of the total
annual revenue accrued from that game as prescribed by the joint
enterprise participation agreement executed by the commissioner.