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HomeEducation Code§ 14701 Lottery Revenue Fluctuations

§ 14701 Lottery Revenue Fluctuations

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 14701 Lottery Revenue Fluctuations

This law says the state won't add extra money to make up for any drop in lottery earnings.

Key Takeaways

  • •Lottery income can go up or down.
  • •The state cannot add new money just to replace lost lottery revenue.
  • •Budget plans must work with whatever lottery money is actually received.

Example

The state plans to use lottery money to fund a park project. If lottery sales go down one year, the state won't give the park extra cash to cover the shortfall.

Even though the park might need more money because lottery income fell, the law stops the state from putting in extra funds to fill the gap.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 14701 Lottery Revenue Fluctuations

The Legislature recognizes that the amount of lottery revenues may fluctuate over time. Therefore, it is the intent of the Legislature that no additional funds be provided in order to offset any decline in lottery revenues. (Added by Stats. 1985, Ch. 1052, Sec. 1.)

Last verified: January 10, 2026

Key Terms

lottery revenuesadditional fundsdecline in lottery revenues

Related Statutes

  • § 14600 Lottery Funds For Schools
  • § 17165 Lottery Funds Bond Repayment
  • § 1 Education Code Title
  • § 10 Code Construction Rules
  • § 1000 County Education Board Composition

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 14701.
View Official Source