SECTION 1.The state lottery commission of the state treasurer’s office, hereinafter referred to as the commission, on behalf of and in consultation with the state treasurer, hereinafter referred to as the treasurer and the house and senate committees on ways and means, hereinafter referred to as the committees, shall, notwithstanding sections 24 to 35, inclusive, of chapter 10 of the General Laws and sections 37 to 41, inclusive, of said chapter, and using such competitive proposal process as the commission, treasurer and committees deems necessary or appropriate, to solicit proposals for lease or other agreements, for terms not to exceed 25 years, to provide for the continued operation of the state lottery and funding of the Local Aid Fund as well as other funds established by the commonwealth and supported by the state lottery.

Prior to soliciting such proposals for lease or other agreements the commission, treasurer and committees shall jointly establish the criteria and requirements that such proposals for lease or other agreements must comply with in order to be considered by the commonwealth. 

The above notwithstanding, such lease shall or agreement shall provide for a minimum annual return to the commonwealth of $800,000,000 to be used toward the funding of the Local Aid Fund as well as other funds established by the commonwealth and supported by the state lottery.  Any money received by the commonwealth as consideration for entering into such lease or agreement shall be allocated to capital expenditures.  Such leases or other agreements shall be on terms acceptable to the commission and subject to the approval of the committees, and notwithstanding any general law or special law to the contrary, shall provide for the management, operation and improvement of the state lottery.