In December, Standard & Poor's downgraded its outlook for state School Building Authority Lottery bonds from "stable" to "negative" on the possibility of the drop in the debt coverage ratio.
Other bonds backed by Lottery profits include Economic Development Fund bonds, Higher Education Improvement bonds and Community and Technical College bonds.
Also Monday, Lottery Commission Director John Musgrave told the committee he does not believe any of the state's four racetrack casinos are in danger of being put out of business by growing competition from casinos in neighboring states.
"No. Not at this time," he said, when asked about the possibility of any racetrack casinos shutting down.
Musgrave also said an investigation of limited video lottery machine operators setting up management contracts with fraternal organizations to operate gaming halls in distant "lodges" is ongoing.
He said the Legislature should not consider any changes in LVL law until the investigation is complete.
"We take our job as regulators very seriously, and enforcing the law that's out there," he said of issues involving fraternal organizations operating offsite lodges.
Reach Phil Kabler at ph...@wvgazette.com or 304-348-1220.