Section 3761-311 - Disposition of funds(a) State Lottery Fund.-- All moneys received from the operation of the State lottery shall be deposited in a State Lottery Fund which is hereby created. Such moneys shall be used to the extent necessary for the payment of lottery prizes but the amount so used shall not be less than 40% of the amount of which tickets or shares have been sold. All payments of lottery prizes and for expenses of operation of the lottery shall be made as provided by law. All moneys remaining after payment of prizes and operating expenses shall remain in the State Lottery Fund and shall be allocated for the purpose of providing property tax relief for the elderly for taxes paid in 1971 and thereafter pursuant to the provisions of the act of March 11, 1971 (P.L. 104, No. 3), known as the Senior Citizens Rebate and Assistance Act, and for the purpose of providing free or reduced fare transit service for the elderly pursuant to Chapter 9 and theact of February 11, 1976 (P.L. 14, No. 10) , known as the Pennsylvania Rural and Intercity Common Carrier Surface Transportation Assistance Act. In the event sufficient funds are not available from the lottery receipts to meet the requirements of the Senior Citizens Rebate and Assistance Act or for providing free or reduced fare transit service for the elderly under Chapter 9 and the Pennsylvania Rural and Intercity Common Carrier Surface Transportation Assistance Act, additional funds to fulfill these obligations shall be appropriated from the General Fund for this purpose.(b) Appropriations.--The moneys in said State Lottery Fund shall be appropriated only:(1) For the payment of prizes to the holders of winning lottery tickets or shares.(2) For the expenses of the division in its operation of the lottery.(3) For property tax relief and free or reduced fare transit service for the elderly as provided under subsection (a).1971, Aug. 26, P.L. 351, No. 91, § 12, imd. effective. Amended 1972, Dec. 27, P.L. 1629, No. 338, § 1, effective 7/1/1973; 1980, Oct. 17, P.L. 1088, No. 184, § 1, effective in 60 days. Renumbered as § 311 and amended 1996, Nov. 21, P.L. 741, No. 134, § 1, imd. effective.