LYCOS RETRIEVER 
Colorado Lottery: Great Outdoors Colorado
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The Colorado Lottery will deliver a $57 million jackpot to protect more than 138,000 acres of land in the state for future generations, Gov. Bill Ritter said Monday. The money, in the form of Legacy grants drawn from Lottery proceeds, will sponsor 15 projects to expand urban green belts, provide wildlife habitat and protect scenic views. Land trusts, local governments and state agencies partnered to win the grants from Great Outdoors Colorado, which receives half the proceeds from the Colorado Lottery. "The investments in our natural assets by the GOCO board are not just
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Lottery Securitization - John Swartout, Director of the Great Outdoors Colorado Trust Fund, reported that proposals to privatize the lottery were pulled from the bills being reviewed by the Colorado Legislature. The issue is not dead with interest in convening a group of stakeholders to discuss the pros and cons of the proposal yet this year. GOCO will join with the Colorado Municipal League to provide a forum for interested groups.
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November 3, voters approve Amendment 8, which mandates that a portion of Lottery proceeds go to the newly created Great Outdoors Colorado (GOCO) Trust fund. GOCO monies are earmarked for wildlife, open space, parks and recreation. The fund will be phased in until 1998, when it will receive all funds previously dedicated to the Capital Construction fund.
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Proceeds from lottery-ticket sales, after payouts to winners, go to nonprofit groups such as Great Outdoors Colorado, Conservation Trust Fund and Colorado state parks. Since the lottery started in 1983, such groups have received $1.7 billion.
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