HB2512 - Tennessee - Lottery, Corporation

Lottery, Corporation - Requires lottery games operated by Tennessee lottery game to select winners by drawing random numbered balls; excludes multistate and instant ticket games. - Amends TCA Title 4, Chapter 51, Part 1.

Other Fiscal Impact - The net decrease of lottery proceeds earmarked for scholarships and grants is estimated to be $4,010,000 in FY08-09 and thereafter. Such estimated decrease results from (1) an increase of operating expenses for the TELC (estimated to be no more than $2,000,000) and (2) a decrease of net lottery proceeds resulting from games that would become non-compliant with passage of this bill (estimated to be $2,010,000). In addition, funding earmarked for after-school programs, which is generated from unclaimed prize money, is estimated to decrease by $113,000 in FY08-09 and thereafter.