Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
as follows:
SECTION 1. Section 24 of chapter 10 of the General Laws, as appearing in the 1990 Official Edition, is hereby amended by striking out the last paragraph.
SECTION 2. Section 25 of said chapter 10, as so appearing, is hereby amended by adding the following paragraph:-
Revenue from the lotteries for the arts shall be distributed in accordance with the provisions of section fifty-seven, except that the comptroller shall calculate the daily average of lotteries for the arts net receipts for the month of April each year and transfer an amount equal to one day of said average to the Children's Trust Fund established in section fifty; provided, however, that in no case shall the amount transferred to said trust fund exceed one million dollars in any fiscal year. The commission shall report by June thirtieth of each fiscal year to the governor, the attorney general, the child abuse prevention board established in section two hundred and two of chapter six, and the house and senate committees on ways and means the total revenues from the lotteries for the arts which have been transferred to said trust fund. Revenues transferred to said trust fund under the provisions of this section are to be administered in accordance with the provisions of section fifty. The state auditor shall notify the house and senate committees on ways and means yearly of the amount of revenue transferred to said trust fund; provided, however, that said auditor shall give a yearly accounting to the house and senate committees on ways and means of the source and amount of all state appropriations to the childrens trust fund pursuant to section fifty.
SECTION 3. Said section 25 of said chapter 10 is hereby further amended by striking out the last paragraph, added by section 2 of this act, and inserting in place thereof the following paragraph:-
Revenues from the lotteries for the arts shall be distributed in accordance with the provisions of section fifty-seven.
SECTION 4. Sections one and two of this act shall take effect on January first, nineteen hundred and ninety-three. Section three shall take effect on January first, nineteen hundred and ninety-six.