Bill Status of HB4619 95th General Assembly
Short Description: RIVERBOATS-2 NEW LICENSES
Rep. Wyvetter H. Younge
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Riverboat Gambling Act. Authorizes the Board to issue 2 additional owners licenses to a person, firm, or corporation in which minority persons and females hold ownership interests of at least 16% and 4% respectively. In provisions concerning distributions from the State Gaming Fund, increases the percentage of adjusted gross receipts generated by a riverboat that is paid monthly to the unit of local government that is designated as the home dock of the riverboat from 5% to 6%. Effective immediately.
House Committee Amendment No. 1
Increases the minority person and female ownership requirements from 16% and 4% respectively to 41% and 10% respectively. Provides that there is no rulemaking authority under the amendatory Act, but that the Governor may suggest rules by filing them with the General Assembly and requesting that the General Assembly authorize such rulemaking by law, enact the suggested rules into law, or take other appropriate action in the General Assembly's discretion.