HOUSE OF REPRESENTATIVES

152nd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 1

TO

SENATE BILL NO. 64

AMEND Senate Bill No. 64 on line 41 by inserting after “Director” as it appears thereon, the following: “ and the Controller General ”.

FURTHER AMEND Senate Bill No. 64 on line 42 by inserting after “paragraph.” as it appears thereon, the following: “ The accounting of qualified investments must be provided simultaneously with the submission of any application for license fee reduction or other document seeking to utilize the license fee reduction permitted by this paragraph. If the accounting of qualified investments is not deemed satisfactory by the Director or the Controller General, the license fee reduction under this section will not be allowed. ”.

FURTHER AMEND Senate Bill No. 64 by inserting the following after line 54:

“ (3) The license fee reduction authorized in paragraph (d)(2) of this section may be claimed only by a video lottery agent for a video lottery facility for whom there has been no change in beneficial ownership during the calendar year for which the fee reduction is sought.

Section 2. This Act sunsets 1 year from [the effective date of this Act] unless renewed or extended by a subsequent Act of the General Assembly.”.

SYNOPSIS

This amendment requires that an accounting of qualified investments be delivered to the Controller General as well as to the Lottery Director and that no license fee reduction if the Director or Controller General do not find the accounting satisfactory. It further provides that the reduction is available only for a video lottery facility for whom the beneficial ownership remained the same during the year in which the license fee reduction is sought. Finally, the amendment provides that this Act will sunset 1 year from its effective date absent further action of the General Assembly.