Changing distribution of income from excess lottery fund

West Virginia's SB 75 redirects $9 million annually from the state's excess lottery fund to the Licensed Racetrack Modernization Fund for racetrack upgrades. It suspends all other planned distributions from the lottery fund (reducing them by 100%) for fiscal years starting July 1, 2014, and beyond, instead directing those funds to the State Excess Lottery Revenue Fund. The bill specifies that debt payments from this fund must be made first, followed by pro-rata payments for other mandated distributions. It also includes provisions allowing the Governor to redirect lottery revenues to the General Revenue Fund under specific budget shortfall conditions. This bill directly affects how lottery revenue is allocated between racetracks, state debt obligations, and other state programs.