Post by pavel on Feb 12, 2016 9:19:56 GMT -6
SANTA FE – The Senate voted 29-12 on Thursday to approve a bill aimed at unshackling New Mexico’s lottery program, but critics warned the legislation could be anything but a jackpot for about 30,000 university students who rely on lottery-funded scholarships.
The measure, Senate Bill 180, would remove a requirement that the New Mexico Lottery Authority funnel at least 30 percent of its monthly revenue to the popular lottery scholarship program.
Sen. John Arthur Smith, D-Deming, the bill’s sponsor, said the move would allow the lottery to award bigger prizes and spend more money on advertising.
That, in turn, could lead to an increase in lottery revenue and more money for scholarships.
Read more: www.abqjournal.com/722410/news/bill-aimed-at-bolstering-nm-lottery-passes-senate-on-29-12-vote.html
The measure, Senate Bill 180, would remove a requirement that the New Mexico Lottery Authority funnel at least 30 percent of its monthly revenue to the popular lottery scholarship program.
Sen. John Arthur Smith, D-Deming, the bill’s sponsor, said the move would allow the lottery to award bigger prizes and spend more money on advertising.
That, in turn, could lead to an increase in lottery revenue and more money for scholarships.
Read more: www.abqjournal.com/722410/news/bill-aimed-at-bolstering-nm-lottery-passes-senate-on-29-12-vote.html