| | | 1.__Fund created.__The Fund to Stabilize Off-track Betting | | Facilities is established to provide revenues to those off-track | | betting facilities licensed and in operation as of December 31, | | 2003. |
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| | | 2.__Distribution.__On May 30th, September 30th and January | | 30th, all amounts credited to the fund established by this | | section as of the last day of the preceding month and not | | distributed before that day must be distributed to each of | | Maine's off-track betting facilities licensed and in operation as | | of December 31, 2003.__Distributions must be made in equal | | amounts to each off-track betting facility in operation as of the | | date of the distribution. |
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| | | Sec. A-5. 8 MRSA c. 31 is enacted to read: |
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| | | As used in this chapter, unless the context otherwise | | indicates, the following terms have the following meanings. |
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| | | 1.__Applicant.__"Applicant" means a person who has submitted | | an application for a license. |
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| | | 2. Associated equipment.__"Associated equipment" means any | | component part used, or intended for use, in__a slot machine, | | including, but not limited to, software, integrated circuit | | chips, printed wired assemblies, printed wired boards, printing | | mechanisms, video display monitors and metering devices. |
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| | | 3.__Beano.__"Beano" has the same meaning as set forth in Title | | 17, section 311, subsection 1. |
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| | | 4.__Board.__"Board" means the Gambling Control Board | | established under section 1002. |
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| | | 5.__Business organization.__"Business organization" means a | | partnership, incorporated or unincorporated association, firm, | | corporation, limited liability company, trust or other form of | | business or legal entity other than a financial institution | | regulated by a state or federal agency that is not exercising | | control over a licensee. |
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