Trust fund...Environmental Fund gets lottery money

Grants | Legacy Digitization |
May 21, 1998
C Sylvester - Reporter
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Last night's record Powerball drawing means the state will get a boost in revenue generated from the twice-weekly drawing. The state gets a portion of each dollar spent on the lottery in Minnsota. The state's Environmental Trust Fund will get about 2.5 million dollars from last night's drawing. John Velin (vuh-LEEN), a member of the Legislative Commission that oversees the trust fund, says the fund is used as an endowment, with the principle remaining stable and only the interest used for spending. John Velin of the Legislative Commission on Minnesota Resources.

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Digitization made possible by the State of Minnesota Legacy Amendment’s Arts and Cultural Heritage Fund, approved by voters in 2008.

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