3.__Use of state share.__At the end of each fiscal year beginning after June 30, 2005, the Treasurer of State shall transfer to the Local Government Fund created in Title 30-A, section 5681 an amount equal to 10% of the state share of net terminal income derived from video gaming terminals during that fiscal year, net of state administrative costs.__Thirty days after the end of each fiscal year, the Treasurer of State shall transfer to the Public Education Fund, established in Title 30-A, section 5686, all unexpended amounts of the previous fiscal year's revenues to the Local Government Fund, except those needed to fund 2 months of expenses for administering this chapter.

4.__Failure to deposit funds.__A licensee who willfully fails to comply with this section commits a Class C crime.__ The license of that person may be revoked by the District Court, and the video gaming terminals to which the undeposited funds are attributable may be disabled by the director at the direction of the Chief of the State Police.

5.__Late payments.__All payments not remitted when due must be paid together with a penalty assessment on the unpaid balance at a rate of 1.5% per month.

§384.__Video Gaming Fund

1.__Fund created.__There is established the Video Gaming Fund.__The fund consists of all revenue payable to the State pursuant to sections 376 and 383 and all other money credited or transferred to the fund from any other fund or source pursuant to law.

2.__Use of money.__The money in the Video Gaming Fund may be used only:

A.__For expenses incurred in implementing or enforcing this chapter;

B.__For payment to the Local Government Fund pursuant to section 383; and

C.__For payment to the Public Education Fund, established in Title 30-A, section 5686.