Sec. 466.403. PAYMENT OF PRIZE IN INSTALLMENTS. If the director determines that prize money is to be paid in installments, the comptroller shall invest funds from the state lottery account as necessary to ensure the payment of the installments. The investments may be in securities, annuities, or other instruments as determined by the comptroller.
Added by Acts 1993, 73rd Leg., ch. 107, Sec. 4.03(b), eff. Aug. 30, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 8.21, eff. Sept. 1, 1997.
Structure Texas Statutes
Subtitle E - Other Executive Agencies and Programs
Section 466.401. Ticket Validation; Drawings
Section 466.402. Payment of Prizes Generally
Section 466.403. Payment of Prize in Installments
Section 466.404. Payment of Prize to Multiple Winners
Section 466.405. Payment of Prize Awarded to Minor
Section 466.406. Right to Prize Not Generally Assignable
Section 466.407. Deductions From Prizes
Section 466.4075. Deductions of Child Support From Certain Lottery Winnings
Section 466.408. Unclaimed Prizes
Section 466.409. Treatment of Prize Payable on Ticket Purchased by Ineligible Person
Section 466.410. Assignment of Prizes
Section 466.411. Choice by Certain Prize Winners to Remain Anonymous