LD 1169
pg. 18
Page 17 of 32 An Act To Permit Video Gaming for Money Conducted by Nonprofit Organizations ... Page 19 of 32
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LR 985
Item 1

 
6.__Operation of video lottery terminals separate from conduct of
beano.__If an operator licensed under this chapter is also licensed
to conduct beano, the operation of beano must be kept physically
separate from the operation of video lottery terminals.

 
§382.__Payment of credits by licensee

 
A licensee shall redeem credits for players who earn credits
on terminals located on the premises of that licensee in
accordance with rules adopted jointly by the Chief of the State
Police and the director.__If a person receives a credit
redeemable for more than the minimum amount required by federal
law to be reported to the United States Internal Revenue Service,
the licensee shall require the person to complete a form listing
the person's name, address and social security number.__The
licensee shall promptly send the form to the Department of
Administrative and Financial Services, Bureau of Revenue
Services.

 
§383.__Allocation of funds

 
1.__Allocation of net terminal income.__Net terminal income
must be allocated as follows.

 
A.__Thirty-four percent must be sent to the Treasurer of
State for deposit in the Video Gaming Fund established in
section 384.

 
B.__One percent must be sent to the Treasurer of State for
deposit in the Compulsive Gambling Rehabilitation Fund
established in Title 22, section 1700-A.

 
C.__Sixty-five percent must be paid to the licensee.__If a
licensee has obtained use of a video gaming terminal from a
state-certified distributor, the distributor must be paid,
pursuant to an agreement between the licensee and the
distributor, out of the funds received by the licensee under
this paragraph.

 
2.__Deposit of state funds.__Each licensee shall maintain a
bank account accessible by the State for the deposit of funds
owed to the State under this chapter.__The licensee shall deposit
in that account the State's share of the net terminal income
attributable to video gaming terminals owned or leased.__The
licensee shall deposit in that account the State's share of net
terminal income attributable to terminals.__If the day on which
funds must be deposited is not a business day, the funds must be
deposited on the next business day after that date.


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