Albuquerque Journal (Albuquerque, NM)

House Panel OKs 2 Ways To Boost Scholarship Fund.(Legislature)

Byline: S.U. Mahesh Journal Capitol Bureau

One Bill Seeks All Lottery Revenues

SANTA FE The House Business and Industry Committee, in an effort to thwart an anticipated shortfall in the state's lottery scholarship fund, endorsed two bills Thursday that would increase revenues for the program.

The committee unanimously endorsed a bill sponsored by Rep. Daniel Silva that would divert 100 percent of lottery revenues to student scholarships.

The Albuquerque Democrat told the committee that the Legislature should find other ways to fund school construction and renovation programs, which also are funded through lottery revenues.

Revenue from the state lottery is split 50-50 between student scholarships and school construction and renovation. …

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