Section 42-7A-22 - Lottery operating fund established--"Revenue" defined--Continuous appropriation--Informational budget--Authorization of disbursements--Purposes. - South Dakota Statutes

42-7A-22. Lottery operating fund established--"Revenue" defined--Continuous appropriation--Informational budget--Authorization of disbursements--Purposes. There is established within the state treasury the lottery operating fund, into which shall be deposited all revenues from the sale of lottery tickets, interest received on moneys in the lottery operating fund, and all other fees and moneys collected. For the purposes of this section, the award of a free ticket or free play does not constitute revenue. All money in the funds created by this section are continuously appropriated for the purposes specified in this section. All funds received by the state lottery shall be set forth in an informational budget as described in § 4-7-7.2 and be annually reviewed by the Legislature. Any disbursement from the lottery operating fund shall be by authorization of the executive director for any of the following purposes:
(1) The payment of prizes to the holders of valid, winning lottery tickets. A revolving fund, designated as the "lottery prize payment fund," shall be set apart and maintained by the executive director and held by the state treasurer for the payment of prizes;
(2) Expenses of the lottery, which shall include all costs incurred in the operation and administration of the South Dakota Lottery; all costs resulting from contracts entered into for the purchase or lease of goods and services needed for operation of the lottery, including but not limited to, supplies, materials, tickets, independent studies and surveys, data transmission, advertising, printing, promotion, incentives, public relations, communications, compensation paid to lottery retailers; distribution of tickets; and reimbursement of costs of facilities and services provided by other state agencies; and
(3) Transfers of net proceeds to the state general fund.

Source: SL 1987, ch 313, § 22; SL 1990, ch 341, § 4.