S704 - COVID-19 Recovery Act . (SL 2020-3)

Overview: Section 4.6 of SL 2020-3 requires the NC State Lottery Commission to submit a report on the impact of COVID-19 that contains the elements outlined below.

• The impact on sales of lottery games, including county-level data.
• The impact on revenues.
• The impact on retailers, included changes to the number of retailers.
• The impact on expenses of the lottery.
• The impact on transfers of net revenue under the law (G.S. 18C-64) that defines the net revenues for the NC State Lottery Fund and requires that they be transferred at least four times a year to the Education Lottery Fund.

The report must be submitted to the Joint Legislative Oversight Committee on the North Carolina State Lottery and the Fiscal Research Division on or before September 1, 2020.

This section became effective May 4, 2020.