Michigan Laws 432.43 – Appropriation of money in state lottery fund
Current as of: 2023 | Check for updates
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Terms Used In Michigan Laws 432.43
- Bureau: means the bureau of state lottery created by this act. See Michigan Laws 432.3
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- state lottery: means the lottery created pursuant to this act and operated exclusively by or under the exclusive control of the bureau of state lottery. See Michigan Laws 432.3
Subject to section 41(1), the money in the state lottery fund is appropriated only for the payment of prizes to the holders of winning state lottery tickets or shares, for the payment pursuant to section 32 of the liabilities to this state of holders of winning state lottery tickets or shares, for reasonable expenses of the bureau in its operation of the state lottery, for deposit in the compulsive gaming prevention fund as provided in section 41(4), and for deposit in the state school aid fund as provided in section 41(3).