Montana Lottery Annual Report 1987-88
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In our eReader you can find the full English version of the book. Read Montana Lottery Annual Report 1987-88 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Montana Lottery Annual Report 1987-88
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PRIZE ANNUITIES.
The Lottery awarded four Big Spin Jackpot prizes amounting to $5,000,000 as of June 30, 1988. These prizes are paid in equal annual installments of a minimum of $20,000 not to exceed 20 years. The first installments, totalling $253,088, were paid during the year ended June 30, 1988.
10. TRANSFER TO STATE SUPERINTENDENT OF PUBLIC INSTRUCTION.
Section 23-5-1027, MCA states "that part of all gross revenue not used for payment of prizes, commissions, and operating expenses is net r...evenue and must be paid quarterly from the enterprise fund to the State Superintendent of Public Instruction for distribution as equalization aid to retirement funds..." For the quarter ended June 30, 1988, the net revenue amounted to $1,232,477. This amount was transferred to the State Superintendent of Public Instruction on July 21, 1988.
The $8,375,894 cumulative transfer figure includes the net income for the twelve months ended June 30, 1988, and the period ended June 30, 1987. The Lottery was exempted from making a transfer for the quarter ended June 30, 1987 until the general fund start-up loan had been repaid.
What to read after Montana Lottery Annual Report 1987-88?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
PRIZE ANNUITIES.
The Lottery awarded four Big Spin Jackpot prizes amounting to $5,000,000 as of June 30, 1988. These prizes are paid in equal annual installments of a minimum of $20,000 not to exceed 20 years. The first installments, totalling $253,088, were paid during the year ended June 30, 1988.
10. TRANSFER TO STATE SUPERINTENDENT OF PUBLIC INSTRUCTION.
Section 23-5-1027, MCA states "that part of all gross revenue not used for payment of prizes, commissions, and operating expenses is net r...evenue and must be paid quarterly from the enterprise fund to the State Superintendent of Public Instruction for distribution as equalization aid to retirement funds..." For the quarter ended June 30, 1988, the net revenue amounted to $1,232,477. This amount was transferred to the State Superintendent of Public Instruction on July 21, 1988.
The $8,375,894 cumulative transfer figure includes the net income for the twelve months ended June 30, 1988, and the period ended June 30, 1987. The Lottery was exempted from making a transfer for the quarter ended June 30, 1987 until the general fund start-up loan had been repaid.
What to read after Montana Lottery Annual Report 1987-88?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
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