5:9-22 Appropriation of moneys; report; publication.

22. The moneys in said State Lottery Fund shall be appropriated only (a) for the payment of prizes to the holders of winning lottery tickets or shares, (b) for the expenses of the division in its operation of the lottery, (c) for State institutions and State aid for education as shall be provided by law, and (d) for the repayment to the general treasury of the amount appropriated to the fund pursuant to section 23 of this act.

On or about March 15 and September 15 of each year, the State Treasurer shall publish in at least 10 newspapers circulating generally in the State a report accounting for the total revenues received in the State Lottery Fund and the specific amounts of money appropriated therefrom for specific expenditures during the preceding six months ending December 31 and June 30.

During the term of the lottery contribution made pursuant to section 4 of P.L.2017, c.98 (C.5:9-22.8), the moneys in the operations account of Common Pension Fund L, established pursuant to section 6 of P.L.2017, c.98 (C.5:9-22.10), shall be used only (a) for the payment of prizes to the holders of winning lottery tickets or shares, (b) for the expenses of the division in its operation of the lottery and the Lottery Enterprise, as defined in section 3 of P.L.2017, c.98 (C.5:9-22.7), and (c) for transfer to the investment account of Common Pension Fund L for the benefit of the retirement systems.

L.1970, c.13, s.22; amended 1984, c.136, s.1; 2017, c.98, s.16.