Massachusetts General Laws ch. 10 sec. 35 – State lottery and gaming fund; expenditures
Section 35. There shall be established and set up on the books of the commonwealth a separate fund, to be known as the State Lottery and Gaming Fund. Said fund shall consist of all revenues received from the sale of lottery tickets or shares, and all other monies credited or transferred thereto from any other fund or source pursuant to law.
Terms Used In Massachusetts General Laws ch. 10 sec. 35
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
In order to provide local property tax relief and continue services at the local level, revenues of the lottery commission from whatever source shall be expended only for the following purposes:
(a) For the payment of prizes to the holders of winning lottery tickets or shares;
(b) For the expenses of the commission in administering and operating the lottery, as certified by the secretary of administration and finance, provided that the state treasurer shall transfer the certified amount to the General Fund for said purposes;
(c) For budgeted aid to cities and towns as provided in section 18C of chapter 58, subject to appropriation; and
(d) For the purposes of accommodating discrepancies between the receipt of revenues and related expenditures, the commission may incur expenses and the comptroller may certify for payment expenses incurred in anticipation of revenues.