123rd MAINE LEGISLATURE
		LD 701		LR 666(07)
	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. Patrick of Rumford
	Fiscal Note Required: Yes
Fiscal Note
			2007-08	2008-09	Projections 2009-10	Projections 2010-11
Net Cost (Savings)
	General Fund		$0	$0	$41,250	$15,000
Appropriations/Allocations
	Other Special Revenue Funds		$0	$0	($116,640)	($116,640)
Revenue
	General Fund		$0	$0	($41,250)	($15,000)
	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.
	The amendment reduces the initial application fee for a license to operate slot machines by a federally recognized Indian tribe licensed to operate high stakes beano from $55,000 to $13,750, and reduces the annual renewal fee of this license from $20,000 to $5,000.  These reductions in license fees will result in a reduction of General Fund revenue in fiscal year 2009-10 of $41,250, and a reduction of $15,000 in each year thereafter.