Section 287-F:9 Collection and Disposition of Revenue.
I. All moneys received by any and all tri-state lotto sales agents from the sales of tri-state lotto tickets, less the amount, if any, retained under RSA 287-F:5, VIII(h) shall be delivered weekly to the commission of the party state in which the sales were made.
II. Within one week after a tri-state lotto drawing has been held, the party state commission shall pay to the commission, who in turn shall promptly pay to an account known as the tri-state lotto prize account, moneys as are necessary for the payment of prizes, less actual prizes paid by the respective party state in the preceding week.
III. Interest earned by the tri-state lotto prize account shall accrue to the party states in direct proportion to their contributions to the account. Distribution shall be made at least semi-annually.
IV. The withdrawals, made under RSA 287-F:10, of moneys from the tri-state lotto prize account deposited by the commission shall be subject to a check signed by a member of the commission or such officer, employee or agent of the commission as the commission may designate. The moneys in the prize payment account shall be paid out of the account on vouchers certified or approved by the commission or its designated officer, agent or employee.
V. The commission shall receive from the party states, within one week after a tri-state lotto drawing, an additional sum of money not to exceed 15 percent of the total amount for which tickets have been sold. The moneys shall be deposited in a bank, banking house or trust company selected by the commission in an account to be named the tri-state lotto operations account. The operations account shall be used to pay tri-state lotto current operating costs which shall be charged proportionally to the party states. If operating costs exceed or fall short of the amount obtained in the account, appropriate adjustments shall be made on a quarterly basis within 30 days of the end of each quarter.
VI. Interest earned by the tri-state lotto operations account shall accrue to the party states in direct proportion to their contributions to the account. Distributions shall be made at least semi-annually.
Source. 1985, 53:1, eff. April 23, 1985. 2007, 311:4, eff. Sept. 11, 2007.