LD 1820
pg. 25
Page 24 of 39 An Act To Establish the Gambling Control Board To License and Regulate Slot Mac... Page 26 of 39
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LR 2664
Item 1

 
(3) One percent of the total gross slot machine income
must be credited by the board to the Sire Stakes Fund
created in section 281;

 
(4) Three percent of the total gross slot machine
income must be forwarded by the board to the Treasurer
of State, who shall credit the money to the
Agricultural Fair Support Fund established in Title 7,
section 77;

 
(5) Ten percent of the total gross slot machine income
must be forwarded by the board to the State Controller
to be credited to the Fund for a Healthy Maine
established by Title 22, section 1511 and segregated
into a separate account under Title 22, section 1511,
subsection 11, with use of funds in the account
restricted to the purposes described in Title 22,
section 1511, subsection 6, paragraph E;

 
(6)__Two percent of the total gross slot machine income
must be forwarded by the board to the Finance Authority
of Maine for application to the University of Maine
System Scholarship Fund created in Title 20-A, section
11631; and

 
(7)__One percent of the total gross slot machine income
must be forwarded by the board to the board of trustees
of the Maine Community College System to be applied by
the board of trustees to fund its scholarships program
under Title 20-A, section 12716, subsection 1.

 
2. Failure to deposit funds.__A slot machine operator who
knowingly or intentionally fails to comply with this section
commits a Class C crime. In addition to any other sanction
available by law, the license of that person may be revoked by
the board and the slot machines operated by that slot machine
operator may be disabled, and the slot machines, slot machines'
proceeds and associated equipment may be confiscated by the board
and are subject to forfeiture under Title 17-A, section 959 or
960.

 
3. Late payments.__The board may adopt rules establishing the
dates on which payments required by this section are due. All
payments not remitted when due must be paid together with
interest on the unpaid balance at a rate of 1.5% per month.

 
§1037.__Annual compensation percentage calculation; impact fees

 
for certain gambling facilities


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