IC 4-30-16
    Chapter 16. Allocation of Revenues and Expenditure of Funds

IC 4-30-16-1
Administrative trust fund; uses
    Sec. 1. The money in the administrative trust fund shall be usedfor the following:
        (1) To pay prizes.
        (2) To pay the expenses for the operation of the lottery,including setting aside an amount determined by thecommission to be necessary for the cash flow needs of thecommission. These expenses include all costs incurred in theoperation and administration of the lottery and all costsresulting from any contracts entered into for the purchase orlease of goods and services required by the lottery, includingthe following:
            (A) The compensation paid to retailers.
            (B) The costs of supplies, materials, tickets, independentaudit services, independent studies, data transmission,advertising, promotion, incentives, public relations,communications, security, bonding for retailers, printing,distribution of tickets, and reimbursing other governmentalentities for services provided to the lottery.
            (C) The costs of any other goods and services necessary forcarrying out this article.
        (3) To make transfers of the revenue remaining after making thepayments necessary under subdivisions (1) and (2) (referred toas "surplus revenue" in this article) to the treasurer of state fordeposit as provided in this chapter.
As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990,SEC.10.

IC 4-30-16-2
Reserved

IC 4-30-16-3
Administrative trust fund; transfer of surplus revenue
    Sec. 3. (a) The commission shall transfer the surplus revenue inthe administrative trust fund as follows:
        (1) Before the last business day of January, April, July, andOctober, the commission shall transfer to the treasurer of state,for deposit in the Indiana state teachers' retirement fund (IC5-10.4-2), seven million five hundred thousand dollars($7,500,000). Notwithstanding any other law, including anyappropriations law resulting from a budget bill (as defined inIC 4-12-1-2), the money transferred under this subdivision shallbe set aside in the pension stabilization fund (IC 5-10.4-2-5) tobe used as a credit against the unfunded accrued liability of thepre-1996 account (as defined in IC 5-10.4-1-12) of the Indianastate teachers' retirement fund. The money transferred is in

addition to the appropriation needed to pay benefits for the statefiscal year.
        (2) Before the last business day of January, April, July, andOctober, the commission shall transfer seven million fivehundred thousand dollars ($7,500,000) of the surplus revenueto the treasurer of state for deposit in the pension relief fund (IC5-10.3-11).
        (3) The surplus revenue remaining in the fund on the last day ofJanuary, April, July, and October after the transfers undersubdivisions (1) and (2) shall be transferred by the commissionto the treasurer of state for deposit on that day in the buildIndiana fund.
    (b) The commission may make transfers to the treasurer of statemore frequently than required by subsection (a). However, thenumber of transfers does not affect the amount that is required to betransferred for the purposes listed in subsection (a)(1) and (a)(2).Any amount transferred during the month in excess of the amountrequired to be transferred for the purposes listed in subsection (a)(1)and (a)(2) shall be transferred to the build Indiana fund.
As added by P.L.341-1989(ss), SEC.1. Amended by P.L.32-1990,SEC.11; P.L.33-1990, SEC.1; P.L.240-1991(ss2), SEC.44;P.L.25-1995, SEC.3; P.L.273-1999, SEC.49; P.L.224-2003, SEC.41;P.L.246-2005, SEC.45; P.L.2-2006, SEC.7; P.L.146-2008, SEC.16.