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%.


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