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commercial track is likely to be entitled to receive under this | | section. If a commercial track or tribal commercial track receives | | interim payments under this subsection that exceed the total amount | | the commercial track or tribal commercial track is entitled to | | receive for the calendar year, the Treasurer of State shall | | reimburse the General Fund for this excess by retaining money | | otherwise due to that commercial track or tribal commercial track | | pursuant to section 295. |
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| | | Sec. A-10. 8 MRSA §299, sub-§2, as enacted by PL 2003, c. 687, Pt. A, | | §4 and affected by Pt. B, §11, is amended to read: |
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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 | | commercial track licensed, including tribal commercial tracks, | | under section 271, with each track receiving that amount of the | | money available for distribution determined by multiplying that | | amount times a fraction, the numerator of which is the total | | number of live race days conducted by the commercial track during | | the preceding time period and the denominator of which is the | | total number of race days conducted by all commercial tracks | | licensed under section 271 during that time period. The payment | | in January must be adjusted so that for the prior 3 time periods | | each commercial track receives that fraction of the total money | | distributed over the full year from the fund established by this | | section, the amount determined by multiplying the total amount of | | money times a fraction, the numerator of which is the number of | | live race days conducted by the commercial track during the | | calendar year and the denominator of which is the total number of | | race days conducted by all commercial tracks licensed under | | section 271 during that calendar year. |
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| | | Sec. A-11. 8 MRSA §300, sub-§1, as enacted by PL 2003, c. 687, Pt. A, | | §4 and affected by Pt. B, §11, is amended to read: |
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| | | 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. The fund must also provide revenues to an off-track | | betting facility licensed and operating after December 31, 2003 | | within the market area of a tribal commercial track as long as | | the tribal commercial track is licensed to operate and operates | | slot machines. |
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| | | Sec. A-12. 8 MRSA §1001, sub-§43-A is enacted to read: |
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| | | 43-A.__Tribal commercial track.__"Tribal commercial track" has | | the same meaning as in section 275-A, subsection 12. |
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