S 2 Session 111 (1995-1996)
S 0002 Joint Resolution, By Passailaigue, Elliott, Ford, Land, McConnell,
T.W. Mitchell and Waldrep
A Joint Resolution proposing an amendment to Section 7, Article XVII of the
Constitution of South Carolina, 1895, relating to lotteries, so as to
authorize lotteries conducted only by the State and to provide that a portion
of the revenue derived from the lotteries be used for the purpose of providing
post secondary educational scholarships to eligible students and reducing or
eliminating ad valorem tax millage levied on a legal residence for the
operating budget of each school district.
09/19/94 Senate Prefiled
09/19/94 Senate Referred to Committee on Finance
01/10/95 Senate Introduced and read first time SJ-9
01/10/95 Senate Referred to Committee on Finance SJ-9
04/27/95 Senate Recalled from Committee on Finance SJ-59
01/24/96 Senate Recommitted to Committee on Finance SJ-16
Indicates Matter Stricken
Indicates New Matter
RECALLED
April 27, 1995
S. 2
Introduced by SENATORS Passailaigue, McConnell, Ford, Land,
Mitchell, Waldrep and Elliott
S. Printed 4/27/95--S.
Read the first time January 10, 1995.
STATEMENT OF ESTIMATED FISCAL
IMPACT
This joint resolution provides for a constitutional amendment to
allow the state to conduct lotteries. Legislation would be required
to enact, regulate and administer a lottery.
Approved By:
A. Crawford Clarkson, Jr.
S.C. Department of Revenue
A JOINT RESOLUTION
PROPOSING AN AMENDMENT TO SECTION 7, ARTICLE
XVII OF THE CONSTITUTION OF SOUTH CAROLINA, 1895,
RELATING TO LOTTERIES, SO AS TO AUTHORIZE
LOTTERIES CONDUCTED ONLY BY THE STATE AND TO
PROVIDE THAT A PORTION OF THE REVENUE DERIVED
FROM THE LOTTERIES BE USED FOR THE PURPOSE OF
PROVIDING POST SECONDARY EDUCATIONAL
SCHOLARSHIPS TO ELIGIBLE STUDENTS AND REDUCING
OR ELIMINATING THE AD VALOREM TAX MILLAGE
LEVIED ON A LEGAL RESIDENCE FOR THE OPERATING
BUDGET OF EACH SCHOOL DISTRICT.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. It is proposed that Section 7, Article XVII of the
Constitution of this State be amended to read:
"Section 7. Except when conducted by the
State, No no lottery shall ever be
is allowed or may be advertised by newspapers, or
otherwise, or its tickets be sold in this State. Only the
State may conduct lotteries as provided for by the General
Assembly.
The revenues actually collected during a fiscal year from an
authorized state lottery must be paid into a State Lottery Fund
which shall be separate and distinct from the general fund of the
State with all deposits to the State Lottery Fund to be invested by
the State Treasurer with interest earned remaining a part of the
fund. No more than seven percent of the gross revenues each year
may be used for operational expenses of all state lotteries, and of
the net revenue remaining after payment of operational expenses,
fifty percent must be expended in prizes. The remaining revenues,
including interest, each year must be credited in equal amounts to a
post secondary education account and a property tax reduction
account within the State Lottery Fund. Revenue accruing in the
post secondary educational scholarship account must be used to
provide post secondary educational scholarships to eligible students
and revenue accruing in the property tax reduction account must be
used to reduce or eliminate, on a pro rata basis, the ad valorem tax
millage levied for the operating budget of each school district on a
legal residence, assessed at four percent of the fair market value of
such property. Revenue and interest accruing in the post secondary
scholarship and property tax reduction accounts of the State Lottery
Fund may only be expended for the purpose described herein in the
second fiscal year following the fiscal year in which the lottery
begins operation and generates revenues. Expenditures from the
post secondary educational scholarship and property tax reduction
accounts may only be made from revenues generated and credited
in the fiscal year preceding the fiscal year in which the expenditures
are made.
The game of bingo, when conducted by charitable,
religious, or fraternal organizations exempt from federal
income taxation or when conducted at recognized annual
State state and county fairs, shall is
not be deemed considered a lottery prohibited by
this section.
The General Assembly shall provide by statute for the
implementation of this section, including a provision which allows
for the retention of funds from one fiscal year to subsequent fiscal
years in the State Lottery Fund to ensure that sufficient monies are
available to provide for a proper phase-in of the scholarship
program and property tax reduction program."
SECTION 2. The proposed amendment must be submitted to
the qualified electors at the next general election for representatives.
Ballots must be provided at the various voting precincts with the
following words printed or written on the ballot:
"Shall Section 7, Article XVII of the Constitution of this
State be amended so as to authorize lotteries to be conducted only
by the State as provided for by the General Assembly with the
revenues each year paid into a State Lottery Fund and apportioned
as follows:
(1) Fifty percent of the net revenues must be expended in
prizes.
(2) No more than seven percent of the gross revenues may be
used for operational expenses of the state lottery.
(3) The remaining revenues must be used as follows:
(a) to provide post secondary educational scholarships to
eligible students; and
(b) to reduce or eliminate, on a pro rata basis, the ad valorem
tax millage on a legal residence, assessed at four percent of the fair
market value of such property, levied for the operating budget of
each school district.
Yes []
No []
Those voting in favor of the question shall deposit a ballot with a
check or cross mark in the square after the word `Yes', and those
voting against the question shall deposit a ballot with a check or
cross mark in the square after the word `No'."
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