Washington Code 67.70.044 – Shared game lottery
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(1) Pursuant to RCW 67.70.040(1)(a), the commission may enter into the multistate agreement establishing a shared game lottery known as “The Big Game,” that was entered into by party state lotteries in August 1996 and subsequently amended and a shared game lottery known as “Powerball.”
Terms Used In Washington Code 67.70.044
- Legacy: A gift of property made by will.
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
(2) The shared game lottery account is created as a separate account outside the state treasury. The account is managed, maintained, and controlled by the commission and consists of all revenues received from the sale of shared game lottery tickets or shares, and all other moneys credited or transferred to it from any other fund or source under law. The account is allotted according to chapter 43.88 RCW. During the 2009-2011 fiscal biennium, the legislature may transfer from the shared game lottery account to the education legacy trust account such amounts as reflect the excess fund balance of the account.
NOTES:
Effective date—2010 1st sp.s. c 37: See note following RCW 13.06.050.