Section 813.1. Monies received

All monies received from the operation of the State lottery shall be deposited in the State Lottery Fund which is created by the act. Such monies 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 monies remaining after payment of prizes and operating expenses shall be transferred to the general fund through June 30, 1972, after which date they shall remain in the State Lottery Fund and shall be allocated for the exclusive purpose of providing property tax relief for the elderly for taxes paid in 1971 and thereafter pursuant to the provisions of the Senior Citizens Property Tax or Rent Rebate Act of March 11, 1971 (P. L. 104, No. 3) (72 P. S. § § 4751-1—4751-12). In the event sufficient funds are not available from the lottery receipts to meet the requirements of such act, additional funds to fulfill this obligation shall be appropriated from the general fund for this purpose.