A BILL TO BE ENTITLED
AN ACT to limit administrative expenses of the state lottery to four percent and to provide that unclaimed prize money is to be split among all local education agencies on an adm basis to be used only for school supplies and textbooks.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 18C‑162(c) reads as rewritten:
"(c)	Unclaimed prize money shall be held separate and apart from the other revenues and distributed on a quarterly basis to local school administrative units on an average daily membership basis, to be used only for school supplies and textbooks. Charter schools are entitled to share such funds.
		"SECTION 2.  G.S. 18C‑163(1) reads as rewritten:
"§ 18C‑163.  Expenses of the Lottery.
Expenses of the Lottery may include any of the following:
(1)	The costs incurred in operating and administering the Commission, but not to exceed four percent (4%) of total annual revenue."
…."
SECTION 3.  This act becomes effective July 1, 2011.