Oklahoma Lawmaker Wants to Trim Higher Ed's Lottery Share

Watts, Jim
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p6
Trade Publication
This article reports that according to Senator Frank Shurden, author of legislation to reduce higher education's share of Oklahoma's lottery revenues, lawmakers want to protect state bonds supported by those revenues. Oklahoma's current lottery law requires that at least 30% of revenue go to education. Shurden's SB 1085 would cut higher education's portion of the lottery revenues from 45% to 15%. The proposal would increase K-12's 45% lottery allotment to 70%, and increase the allocation for the teachers' retirement fund from 5% to 10%.


Related Articles

  • National Lottery Bill.  // Accountancy;Feb1993, Vol. 111 Issue 1194, p94 

    Reports on the British government's publication of a legislative bill that paves the way for a national lottery in Great Britain, since 1826.

  • North Carolina Moves Toward First-Ever Garvee Issue. DeSue, Tedra // Bond Buyer;7/18/2005, Vol. 353 Issue 32176, p40 

    Reports that North Carolina's Senate is expected to take up a bill that will allow the state to sell its first Garvees or grant anticipation revenue vehicles. Aid of the bill to let debt be sold anytime prior to the approval of the bill; Use of Garvees by several other states to allow the issuer...

  • House bill seeks open-bid process for electronic-lottery contracts. Ryan, Frances // Caribbean Business;3/10/2011, Vol. 39 Issue 9, p8 

    The article reports on the provision of Representative José Aponte's House Bill 3200 (HB 3200), which aims to have an electronic-lottery contracts awarded through an open-bid process in Puerto Rico.

  • Scholarships at Stake in Ark. Lottery Legislation Debate. BARTELS, CHUCK // Community College Week;2/7/2011, Vol. 23 Issue 13, p14 

    The article reports on the potential reduction in college scholarship award amounts by 10 percent that would result from changes to the lottery law in Arkansas. The budget strain is due to the greater number of scholarship applications from university students than those from community colleges....

  • Louisiana Tackles Bond-Related Bills as New Session Begins. DeSue, Tedra // Bond Buyer;4/28/2005, Vol. 352 Issue 32121, p4 

    The article reports that Louisiana began its fiscal 2006 legislative session on Monday and lawmakers immediately went to work on several bond-related bills, including one that would preclude the state from funding anything for a National Football League team. Other bills would give Louisiana...

  • Californians to Vote on $900 Million Of Mortgage Bonds for Veterans. Saskal, Rich // Bond Buyer;7/9/2008, Vol. 365 Issue 32915, p6 

    The article reports on the approval of the Heroes Earnings Assistance and Relief Tax (HEART) Act of 2008, which authorizes $900 million of mortgage bonds for veterans in California. It says that the bill exempts qualified veterans mortgage bonds (QVMBs) from taxes who enters military duty after...

  • Kentucky Lawmakers Expected to OK Budget, Governor to Review Bonding. DeSue, Tedra // Bond Buyer;4/4/2006, Vol. 356 Issue 32353, p34 

    The article reports on the agreement of the key leaders in General Assembly in Kentucky pertaining to the state's 2006 to 2008 budget bill. The budget bill has been waiting for Governor Ernie Fletcher confirmation. This budget proposal has included about two billion of the state's borrowing. A...

  • Don't gamble with prize draws. Miller, Nigel // Cabinet Maker;9/21/2007, Issue 5556, p12 

    The article reports on the amendment to the law which cleared the difference between competitions and lotteries with implications for product promotion in Great Britain. The Lotteries and Amusements Act of 1976 has been changed on September 1, 2007 when the Gambling Act 2005 took effect. It...

  • Oklahoma Opponents Cooperate on Higher Ed Bond Bills. Watts, Jim // Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p36 

    The article reports that Oklahoma Senate President Pro Tem Cal Hobson and House Speaker Todd Hiett have agreed to co-sponsor competing higher education bond bills with the eventual aim of reaching a compromise on the measures. Governor Brad Henry backs the Senate proposal. It calls for a $500...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics