LD 1820
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LR 2664
Item 1

 
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.

 
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.

 
Sec. A-5. 8 MRSA c. 31 is enacted to read:

 
CHAPTER 31

 
GAMBLING CONTROL BOARD

 
SUBCHAPTER 1

 
GENERAL PROVISIONS

 
§1001. Definitions

 
As used in this chapter, unless the context otherwise
indicates, the following terms have the following meanings.

 
1.__Applicant.__"Applicant" means a person who has submitted
an application for a license.

 
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.

 
3.__Beano.__"Beano" has the same meaning as set forth in Title
17, section 311, subsection 1.

 
4.__Board.__"Board" means the Gambling Control Board
established under section 1002.

 
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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