LD 1820
pg. 24
Page 23 of 39 An Act To Establish the Gambling Control Board To License and Regulate Slot Mac... Page 25 of 39
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LR 2664
Item 1

 
Each slot machine is subject to a uniform location agreement
between the slot machine distributor and the slot machine
operator.__A copy of the agreement must be submitted to the board
for approval. The uniform location agreement is the complete and
sole agreement between the slot machine operator and the slot
machine distributor regarding slot machines.__No other agreement
between the slot machine operator and the slot machine
distributor is legally binding.

 
§1034.__Disclosure of other contracts and agreements

 
A slot machine operator must submit to the board all contracts
or agreements the slot machine operator establishes with a slot
machine distributor, licensed gambling services vendor, licensed
nongambling services vendor or a key individual.

 
§1035.__Location of slot machines

 
Slot machines may be located only on the premises of a
commercial track.

 
§1036. Allocation of funds

 
1. Distribution from commercial track.__A slot machine
operator shall collect and distribute gross slot machine income
from slot machines operated by the slot machine operator as set
out in this subsection.

 
A.__Prior to any distribution under paragraph B, the slot
machine operator shall forward the compensation percentage
determined pursuant to section 1037 to the board, which
shall forward it to the State Controller to be credited to
the General Fund.

 
B. After the distribution made pursuant to paragraph A, the
slot machine operator shall send 25% of the remainder of the
total gross slot machine income to the board for
distribution by the board as follows:

 
(1) One percent of the total gross slot machine income
must be retained for administrative expenses of the
board. An amount not to exceed $250,000 may be expended
by the board for addiction counseling services in
accordance with rules adopted by the board;

 
(2) Seven percent of the total gross slot machine
income must be used by the board to supplement harness
racing purses and must be disbursed for that purpose at
the times and in the manner prescribed in section 298;


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