123rd MAINE LEGISLATURE
LD 701 LR 666(05)
An Act To Authorize the Operation of Slot Machines on Indian Island in Old Town
Fiscal Note for House Amendment "    " to Committee Amendment "B"
Sponsor: Rep. Blanchard of Old Town
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $0 $0 $0 $0
Appropriations/Allocations
General Fund $0 $0 $0 $0
Other Special Revenue Funds $0 $0 ($116,640) ($116,640)
Revenue
General Fund $0 $0 $0 $0
Other Special Revenue Funds $0 $0 ($116,640) ($116,640)
Fiscal Detail and Notes
This amendment decreases the number of slot machines a federally-recognized Indian tribe that operates high-stakes beano can operate from 400 to 100, and limits the days those machines can be operated to weekends that the tribe is licensed to and conducts high stakes beano.  Although the committee amendment had allowed 400 machines and did not limit their operation to beano days, the fiscal note for it, in accordance with the proposed start-up plan, had assumed 100 machines operating only on beano days through the time horizon expressed above.  Therefore, making these restrictions statutory by this floor amendment will not change the fiscal impact expressed by the committee amendment through FY 2010-11.  The subsequent years, however, would have grown in revenue as the number of machines would have risen to 400, assuming demand would have warranted such growth.  This floor amendment would prevent such future growth. 
Decreasing the distribution of net slot machine income from 38% to 22% will increase the amount received by the licensee and decrease various Other Special Revenue Funds amounts by a total of $116,640 annually beginning in fiscal year 2009-10.  This change will not affect the General Fund.