Issue Date: 1991-05-19
Revised Date: 1993-09-01

Object Type

Cash — Lottery Winnings Paid

Reference

Description

To record the payment of Texas Lottery Commission prize money, other than prizes paid by installment.

Expenditure code 7208 includes, but is NOT limited to:

  • Lump sum prize payments (lottery)
  • Reimbursement of lower-tier and mid-tier prizes paid by Claims Centers (lottery)

Note

Prizes claimed at the Lottery Commission's claims centers are generally paid by the claims centers which are reimbursed from Appropriated Fund 5025-GR Account Lottery (held in the treasury), which are passed through the Texas Treasury Safekeeping Trust Company and through contracted bank intermediaries.

This code does NOT include:

  • Bonuses paid to retailers (7207)
  • Prizes paid in installments (7209)
  • Retail Commissions (7260)

RESTRICTED: This code may be used only by Texas Lottery Commission, Agency 362.

USAS Values

Appropriation Year 20
USAS Title LOTTERY WINNINGS
Object Group 42 – Other Lottery Expenditures
USAS Status A
Rev/Exp Category 07 – LOTTERY WINNINGS PAID