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Can you summarize Chapter 315-08 WAAC?
Lottery Commission > Financial management.
Short Summary
The provided legal document content pertains to the financial management of the State lottery account in Washington. It governs the expenditure and transfer limits for the account. The Washington State Lottery Commission is responsible for determining the total amount of money that can be transferred from the state lottery account to the state’s general fund and the lottery administrative account. The commission also determines the total amount of money that can be expended from the state lottery account for various purposes such as retailer compensation, payment of prizes, online vendor payments, online telecommunications payments, instant game vendor payments, promotion/advertising, and other purposes required by law. The commission has the authority to amend these amounts based on changes in revenue and program requirements. The director of the commission is responsible for presenting periodic revenue projections to the revenue forecast council, providing quarterly statements of fund transfer and expenditure activity, and performing all functions necessary for the administration and operation of the state lottery account. The director may exceed approved totals for sales volume-related expenses, but such expenditures must be reported in the next financial report to the commission. The provided legal document content does not mention any specific exemptions or penalties.
Whom does it apply to?
Washington State Lottery Commission
What does it govern?
Expenditure and transfer limits for the State lottery account in Washington
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Washington