Arizona Laws 5-568. Disposition of unclaimed prize money
Unclaimed prize money for the prize on a winning ticket or share shall be retained for the person entitled to the prize for one hundred eighty days after the drawing in which the prize was won in the case of a drawing prize and for one hundred eighty days after the announced end of the game in question in the case of a prize determined in any manner other than by means of a drawing. If a claim is not made for the money within the applicable period, the money shall be transferred in the following amounts:
Terms Used In Arizona Laws 5-568
- Commission: means the Arizona state lottery commission. See Arizona Laws 5-551
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state lottery: means the lottery created and operated pursuant to this chapter. See Arizona Laws 5-551
1. Fifty-five percent of the prize money shall be held in the state lottery prize fund for use as additional prizes in future games, except that if the amount of monies transferred by the commission pursuant to section 5-554, subsection H, paragraph 1 is less than $900,000 each fiscal year, the difference shall be transferred to the internet crimes against children enforcement fund established by section 41-199 and if the amount of monies transferred by the commission pursuant to section 5-554, subsection H, paragraph 2 is less than $100,000 each fiscal year, the difference shall be transferred to the victims’ rights enforcement fund established by section 41-1727.
2. Thirty percent shall be transferred quarterly to the court appointed special advocate fund established by section 8-524.
3. Fifteen percent shall be transferred monthly to the tribal college dual enrollment program fund established by Section 15-244.01. The amount transferred may not exceed $325,000 in any fiscal year.