Bill Text: MI SB0550 | 2011-2012 | 96th Legislature | Introduced

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Bill Title: Gaming; horse racing; allocation of services fee fund under the Michigan gaming control and revenue act; require payment into the agriculture equine industry development fund. Amends sec. 12a of 1996 IL 1 (MCL 432.212a).

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-06-30 - Referred To Committee On Agriculture [SB0550 Detail]

Download: Michigan-2011-SB0550-Introduced.html

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SENATE BILL No. 550

 

 

June 30, 2011, Introduced by Senator HUNE and referred to the Committee on Agriculture.

 

 

 

     A bill to amend 1996 IL 1, entitled

 

"Michigan gaming control and revenue act,"

 

by amending section 12a (MCL 432.212a), as added by 1997 PA 69.

 

THE PEOPLE OF THE STATE OF MICHIGAN ENACT:

 

     Sec. 12a. (1) In addition to application and license fees

 

described in this act, all regulatory and enforcement costs,

 

compulsive gambling programs, casino-related programs and

 

activities, casino-related legal services provided by the attorney

 

general, and the casino-related expenses of the department of state

 

police shall be paid by casino licensees as provided by this

 

section.

 

     (2) The total annual assessment for the first year in which

 

any casino licensee under this act begins operating a casino in

 

this state shall be is $25,000,000.00.

 

     (3) The total annual assessment required under this subsection

 

shall be adjusted each year by multiplying the annual assessment

 

for the immediately preceding year by the Detroit consumer price

 

index for the immediately preceding year. As used in this

 

subsection, "Detroit consumer price index" means the annual

 

consumer price index for Detroit consumers as defined and reported

 

by the United States department of labor, bureau of labor

 

statistics.

 

     (4) On or before the date the a casino licensee begins

 

operating the its casino and annually on that date thereafter, each

 

the casino licensee shall pay to the state treasurer an equal share

 

of the total annual assessment required under this section. In no

 

event shall a A casino's assessment shall not exceed 1/3 of the

 

total annual assessment required under this section.

 

     (5) From the amount collected under subsection (4),

 

$2,000,000.00 shall be deposited in the compulsive gaming

 

prevention fund.

 

     (6) The state services fee fund is created in the department

 

of treasury and shall be administered by the department in

 

accordance with this act.

 

     (7) Except as provided in subsections (5) and (8), all funds

 

money collected under this section shall be deposited in the state

 

services fee fund. Distributions Except as provided in subsection

 

(10), distributions from the fund shall be made by the legislature

 

through the appropriations process.

 

     (8) The balance of the state services fee fund shall not

 

exceed $65,000,000.00. If the funds money collected under this

 

section would cause the balance to exceed the limitation of this

 

subsection, the surplus funds money shall be credited in equal

 

shares against each casino licensee's annual assessment made under

 

this section. 12a.

 

     (9) The funds Money collected under this section and deposited

 

in the state services fee fund shall not revert to the general fund

 

at the close of the fiscal year but shall remain in the fund.

 

     (10) Each year 12.5% of the money in the state services fee

 

fund, before any other appropriation, shall be distributed to the

 

Michigan agriculture equine industry development fund created in

 

section 20 of the horse racing law of 1995, 1995 PA 279, MCL

 

431.320.