Bill Text: MI HB5434 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Gaming; bingo and charitable gaming; millionaire parties; limit percentage of gross proceeds that may be paid for expenses. Amends sec. 9 of 1972 PA 382 (MCL 432.109).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-02-28 - Printed Bill Filed 02/24/2012 [HB5434 Detail]

Download: Michigan-2011-HB5434-Introduced.html

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HOUSE BILL No. 5434

 

February 23, 2012, Introduced by Rep. McMillin and referred to the Committee on Regulatory Reform.

 

     A bill to amend 1972 PA 382, entitled

 

"Traxler-McCauley-Law-Bowman bingo act,"

 

by amending section 9 (MCL 432.109), as amended by 2008 PA 401.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 9. (1) Except as provided in subsection (2), the entire

 

net proceeds of an event shall be devoted exclusively to the lawful

 

purposes of the licensee. A licensee shall not incur or pay an item

 

of expense in connection with the holding, operating, or conducting

 

of an event except the following expenses in reasonable amounts:

 

     (a) The purchase or rental of equipment necessary for

 

conducting an the event and payment of services reasonably

 

necessary for the repair of equipment.

 

     (b) Cash prizes or the purchase of prizes of merchandise.

 

     (c) Rental of the location at which the event is conducted.

 

     (d) Janitorial services.

 

     (e) The fee required for issuance or reissuance of a license

 

to conduct the event.

 

     (f) Other reasonable expenses incurred by the licensee, not

 

inconsistent consistent with this act, as permitted by rule of the

 

commissioner.

 

     (2) A qualified organization described in section 3(g)(ii)

 

shall use the entire net proceeds of an event, after paying items

 

of expense incurred in reasonable amounts in connection with the

 

holding, operating, or conducting of the event and listed in under

 

subsection (1), only for the expense of training or purchasing

 

goods or services for the support of the activities of the

 

component.

 

     (3) A millionaire party licensee shall not incur or pay

 

expenses in connection with holding, operating, or conducting an

 

event to the extent that the expenses total more than 25% of the

 

gross proceeds of the event.