West Virginia Code
Article 22. State Lottery Act
§29-22-18f. Backup Pledge of Bonds Supported by the State Lottery Fund and the State Excess Lottery Revenue Fund; Payment of Bond Debt Service

(a) Any and all remaining funds in the State Excess Lottery Revenue Fund after payment of debt service pursuant to sections eighteen-a, eighteen-d, and eighteen-e of this article shall be made available to pay debt service in connection with any revenue bonds issued pursuant to section eighteen of this article, if and to the extent needed for such purpose from time to time.
(b) Notwithstanding any other provision of this code to the contrary, after first satisfying the requirements for funds dedicated to pay debt service in accordance with bonds payable from the State Lottery Fund pursuant to section eighteen of this article, any and all remaining funds in the State Lottery Fund shall be made available to pay debt service in connection with revenue bonds issued pursuant to sections eighteen-a, eighteen-d, and eighteen-e, of this article, if and to the extent needed for such purpose from time to time.
(c) Notwithstanding the provisions of subsection (h), section eighteen-a of this article, when bonds are issued for projects under subsection (d) or (e) of section eighteen-a of this article, or for the School Building Authority, infrastructure pursuant to section eighteen-d of this article, higher education, or state park improvements pursuant to section eighteen-e of this article that are secured by profits from lotteries deposited in the State Excess Lottery Revenue Fund, the Lottery Director shall allocate first to the Economic Development Project Fund an amount equal to one tenth of the projected annual principal, interest and coverage requirements on any and all revenue bonds issued, or to be issued as certified to the Lottery Director; and second, to the fund or funds from which debt service is paid on bonds issued under section eighteen-a of this article for the School Building Authority, infrastructure pursuant to section eighteen-d of this article, higher education, and state park improvements pursuant to section eighteen-e of this article an amount equal to one tenth of the projected annual principal, interest and coverage requirements on any and all revenue bonds issued, or to be issued as certified to the Lottery Director. In the event there are insufficient funds available in any month to transfer the amounts required pursuant to this subsection, the deficiency shall be added to the amount transferred in the next succeeding month in which revenues are available to transfer the deficiency.

Structure West Virginia Code

West Virginia Code

Chapter 29. Miscellaneous Boards and Officers

Article 22. State Lottery Act

§29-22-1. Short Title

§29-22-2. Legislative Findings and Intent

§29-22-3. Definitions

§29-22-4. State Lottery Commission Created; Composition; Qualifications; Appointment; Terms of Office; Chairman's Removal; Vacancies; Compensation and Expenses; Quorum; Oath and Bond

§29-22-5. State Lottery Commission; Powers and Duties; Cooperation of Other Agencies

§29-22-6. Lottery Director; Appointment; Qualifications; Oath and Bond; Salary

§29-22-7. Divisions of the State Lottery Office

§29-22-8. Lottery Director; Powers and Duties; Deputy Directors; Hiring of Staff; Civil Service Coverage; Submission of Proposed Appropriations

§29-22-9. Initiation and Operation of Lottery; Restrictions; Prohibited Themes, Games, Machines, or Devices; Distinguishing Numbers; Winner Selection; Public Drawings; Witnessing of Results; Testing and Inspection of Equipment; Price of Tickets; Clai...

§29-22-9a. Veterans Instant Lottery Scratch-Off Game

§29-22-10. Licensed Lottery Sales Agents; Restrictions; Annual License and Fee; Factors; Application; Bond; Age; Nonassignable License; Organizations Qualified; Commissions; Display of License; Geographic Distribution; Monopoly Prohibited; Lottery Re...

§29-22-11. Prohibited Acts; Restrictions on Sales Agents and Retailers; Unauthorized Sales; Sales to Minors; Gifts to Minors; Prizes to Commission Officers and Staff Prohibited; Criminal Penalties for Prohibited Acts

§29-22-12. Crimes; Forgery, Counterfeiting, etc. of Lottery Tickets; Penalties

§29-22-13. Prohibited Acts; Conflict of Interest; Prohibited Gifts and Gratuities

§29-22-14. Administrative Violations of Articles; Hearing; Administrative Penalties

§29-22-15. Payment of Prizes to Minors

§29-22-15a. Option for Winners of Draw Games to Remain Anonymous

§29-22-16. Disposition of Unclaimed Prize Money

§29-22-17. Lottery Proceeds; Accounting Therefor; Deposit Into Account of State Treasurer; Reports; Funds to Be Held in Trust; Failure to Collect, Account or Deposit; Personal Liability

§29-22-18. State Lottery Fund; Appropriations and Deposits; Not Part of General Revenue; No Transfer of State Funds After Initial Appropriation; Use and Repayment of Initial Appropriation; Allocation of Fund for Prizes, Net Profit and Expenses; Surpl...

§29-22-18a. State Excess Lottery Revenue Fund

§29-22-18b. Definition of Term &Quot;state employees."

§29-22-18c. Increase in Allocation to Higher Education Improvement Fund From State Excess Lottery Revenue Fund

§29-22-18d. Increase in Allocation to West Virginia Infrastructure Fund From State Excess Lottery Revenue Fund

§29-22-18e. Increase in Allocation to State Park Improvement Fund From State Excess Lottery Revenue Fund to Permit the Issuance of Bonds for Improvements to Cacapon Resort State Park and Beech Fork State Park

§29-22-18f. Backup Pledge of Bonds Supported by the State Lottery Fund and the State Excess Lottery Revenue Fund; Payment of Bond Debt Service

§29-22-19. Post Audit of Accounts and Transactions of Office

§29-22-20. Monthly and Annual Reports

§29-22-21. Officials Who May Appear at Lottery Drawing

§29-22-23. Procurement; Disclosures by Vendors and Related Persons and Entities; Authorizing Background Investigation; Unenforceability of Contracts in Contravention of Section

§29-22-24. Disclosures by Vendors and Related Persons and Entities of Political Contributions

§29-22-25. Preemption of State Laws or Local Regulation

§29-22-27. Penalties for Criminal Violations

§29-22-27a. Payment of Prizes to the Bureau for Child Support Enforcement

§29-22-28. Severability

§29-22-29. Moneys Transferred or Allocated to Nongovernmental Entities Are State Moneys and Have Been So in the Past; Right to Audit State Moneys Transferred to Nongovernmental Entities

§29-22-30. Methods of Payment for Lottery Prizes