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Tom

You can disagree with me all you want - so long as the disagreement is civil thats how I learn !!
So I did a little digging:
Heres a section of GS 18C the Lottery:
http://www.ncleg.net/EnactedLegislation/Statutes/HTML/BySection/Chapter_...

"From the Education Lottery Fund, the Commission shall transfer a sum equal to five percent (5%) of the net revenue of the prior year to the Education Lottery Reserve Fund. A special revenue fund for this purpose shall be established in the State treasury to be known as the Education Lottery Reserve Fund, and that fund shall be capped at fifty million dollars ($50,000,000). Monies in the Education Lottery Reserve Fund may be appropriated only as provided in subsection (e) of this section."

Section E

" If the actual net revenues are less than the appropriation for that given year, then the Governor may transfer from the Education Lottery Reserve Fund an amount sufficient to equal the appropriation by the General Assembly. If the monies available in the Education Lottery Reserve Fund are insufficient to reach a full appropriation, the Governor shall transfer monies in order of priority, to the following:
(1) To support academic prekindergarten programs for at‑risk four‑year‑olds who would otherwise not be served in a high‑quality education program in order to help those four‑year‑olds be prepared developmentally to succeed in school.
(2) To reduce class size.
(3) To provide financial aid for needy students to attend college.
(4) To the Public School Building Capital Fund to be spent in accordance with this section."

Totally legal....but I think it's capped at $50M...

Vog

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