Lottery Revenue. The initial base amount for Lottery revenue is established at $3.3M. Effective July 1, 2000, fifty percent (50%) of lottery revenues above 1997-98 revenues are restricted per the conditions set forth in Proposition 20. Such restricted amounts may not be used for salaries and benefits and, therefore, are excluded from the provisions of this section. In 2014-15 the base amount for unrestricted Lottery revenue was increased by $2.6M to a new established base of $5.9M. Eighty percent (80%), which is $2.08M of the increase, was considered a continuing resource and the proportionate amount of such funds was provided to SEIU through the proportionate share calculation as a continuing resource. Lottery revenues below the base amount of $5.9M shall reduce available continuing funds. Any revenue received above the established base of $5.9M is considered one-time- only revenue and the proportionate amount of eighty percent (80%) of such funds provided to SEIU as a non-continuing resource.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
