LD 2349
pg. 12
Page 11 of 15 An Act to Allow Video Lottery Terminals Page 13 of 15
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LR 3880
Item 1

 
A. Forty percent is sent to the Treasurer of State to be
deposited into and distributed through the Local Government
Fund, Title 30-A, section 5681, subsection 3;

 
B.__An amount not to exceed 26% is paid to the distributor
who owns the machine;

 
C.__Five percent is retained by the licensee and used to
supplement harness racing purses at its facility;

 
D.__One percent is sent to the racing commission and
credited by the racing commission to the Sire Stakes Fund
created in Title 8, section 281;

 
E.__Three percent is paid to the Department of Public
Safety, Bureau of State Police to cover administrative
expenses attributable to duties arising under this chapter;

 
F.__Two percent is paid to the Treasurer of State, who shall
credit the money to the Stipend Fund provided for in Title
7, section 62.__The money credited is distributed to
agricultural fairs licensed under Title 8 to accept wagers
on harness races and that do not telecast those races or
accept wagers placed at any betting facility located off the
grounds of the fair; and

 
G.__All remaining net video lottery terminal revenue is
retained by the licensee.

 
2.__Failure to deposit funds.__A video lottery terminal
distributor who willfully refuses to comply with this section
commits a Class D crime.__The license of that person may be
revoked by the Administrative Court and the video lottery
terminals to which the undeposited funds are attributable may be
disabled by the Chief of the State Police.

 
3.__Late payments.__A payment not remitted within 30 days of
the date due must be paid together with a penalty assessment on
the unpaid balance at a rate of 1.5% per month for the period
commencing 30 days after the date when the payment was due.

 
SUBCHAPTER IV

 
ENFORCEMENT AND PENALTIES

 
§391.__Reports; records

 
1.__Reports; records.__The Chief of the State Police shall
require from any licensed video lottery terminal distributor,
manufacturer, wholesaler or licensee whatever records and reports


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