Lottery proceeds; divert to fund PERS.

HB 1332 would redirect Mississippi lottery proceeds starting July 1, 2026. It requires the first $100 million of annual net lottery proceeds to fund the Public Employees' Retirement System (PERS) until the system's funded ratio reaches 80%, after which excess funds would go to the state general fund. Any lottery proceeds above $100 million annually would be split equally: 50% to the Education Enhancement Fund for early childhood and classroom programs, and 50% to the Multi-Model Transportation Improvement Fund. This bill directly affects state budget allocations for retirement, education, and transportation funding.