Adjusts the distribution and appropriation of funds from the veterans trust fund and lottery revenues to the commission of veterans affairs.
This bill modifies the distribution and appropriation of funds from the veterans trust fund and lottery revenues to the commission of veterans affairs. It raises the threshold for fund balance from $50 million to $75 million for certain appropriations and distributions. Specifically, it requires that when the balance of the veterans trust fund is below $75 million, the interest on the fund and the first $500,000 received from the lottery fund are appropriated to the commission. It also terminates transfers from the lottery fund when the veterans trust fund balance is at least $75 million.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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