LD 1370
pg. 20
Page 19 of 20 An Act To Enact the Maine Tribal Gaming Act LD 1370 Title Page
Download Bill Text
LR 2023
Item 1

 
The tribal gaming operator must pay to the State an annual
fee equal to 25% of the gross revenues of video facsimiles
operated by the tribal gaming operator. After an allowance
for costs resulting from gaming and wagering operations, the
annual fee paid to the State must be used for the following
purposes:

 
1. Fifty percent must be deposited in the Local Government
Fund established in the Maine Revised Statutes, Title 30-A,
section 5681 and distributed in accordance with the provisions
of that section for revenue sharing with municipalities, with
the intent of providing local property tax relief;

 
2. Forty percent must be allocated for the program cost
portion of general purpose aid to local schools;

 
3. Five percent must be allocated to the Maine State Grant
Program established in Title 20-A, chapter 419-A for grants
for students who are pursuing higher education; and

 
4. Five percent must be allocated to the Finance Authority
of Maine to distribute to private, nonprofit organizations
that have the principal purpose of providing scholarships to
and otherwise enhancing the postsecondary educational
opportunities of students in this State enrolled in eligible
programs in institutions of higher education in this State.


Page 19 of 20 Top of Page LD 1370 Title Page