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2012 -- H 8084 | |
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LC02453 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2012 | |
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A N A C T | |
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RELATING TO MAKING APPROPRIATIONS FOR THE SUPPORT OF THE STATE FOR | |
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THE FISCAL YEAR ENDING JUNE 30, 2012 | |
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Introduced By: Representative William San Bento | |
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Date Introduced: April 25, 2012 | |
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Referred To: House Finance | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Section 8 of Article 25 of Chapter 151 of the 2011 Public Laws entitled, |
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“An Act Relating To Making Appropriations For The Support Of The State For The Fiscal Year |
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Ending June 30, 2012”, is hereby amended to read as follows: |
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SECTION 8. Authorized Procurement of Second Amendment to the Master Video |
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Lottery Terminal Contract. |
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(a) Notwithstanding any provision of the general or public laws or regulations adopted |
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thereunder to the contrary, the division of state lottery is hereby expressly authorized and |
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empowered, to enter into with Twin River and Newport Grand a Second Amendment to the Twin |
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River Master Contract and to the Newport Grand Master Contract, for the following purposes and |
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containing the following terms and conditions, all of which shall be set forth in more particular |
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detail in the Second Amendment: |
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(i) To provide that the requirements of Part A, Section 4(a)(ii) as to Twin River and Part |
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B, Section (4)(a)(ii) as to Newport Grand be amended to add the following provision thereto: The |
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Division is authorized, in addition to the Promotional Points Program established in Part A, |
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Section 4(a)(ii) and Part B, Section 4(a)(ii), to approve an additional amount of Promotional |
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Points not to exceed seven hundred fifty thousand dollars ($750,000) per facility pursuant to the |
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same terms and conditions authorized by Chapter 16 of the Public Laws of 2010. |
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(ii) To provide that the requirements of the following subsection found in Chapter 16 of |
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the Public Laws of 2010, Part B, Section 4(a)(iii)(2) be stricken and removed from the First |
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Amendment to Master Video Terminal Contract, to wit: and (2) the division shall not owe any |
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amount pursuant to said section 4(a)(iii) in any given marketing year unless, pursuant to |
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subsection 42-61.2-7(a), the state has received net terminal income for such marketing year in an |
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amount equal to or exceeding the amount of net terminal income the state received for the state's |
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fiscal year 2010. The requirements so stricken shall allow the Marketing Program and payments |
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due thereunder to be in effect for fiscal year 2011 pursuant to the terms and conditions set forth in |
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said section. |
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(b) Notwithstanding any provision of the general or public laws or any rule or regulation |
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to the contrary, the division of state lottery is hereby expressly authorized and empowered to |
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enter into with Twin River and Newport Grand an amendment to the Twin River Master Contract |
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and to the Newport Grand Master Contract, for the following purposes and containing the |
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following terms and conditions, all of which shall be set forth in more particular detail in the |
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amendment. To provide that the requirements of Part A, Section (4)(a)(ii) as to Twin River and |
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Part B, Section (4)(a)(ii) as to Newport Grand be amended to add the following provision thereto: |
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The Division is authorized, in addition to the Promotional Points established in the Master |
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Contracts, as amended in 2011, to approve an additional amount of Promotional Points not to |
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exceed two hundred fifty thousand dollars ($250,000) per facility for fiscal year ending June 30, |
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2012. |
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(c) All other terms and conditions contained in the First Amendment to Master Video |
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Lottery Terminal Contract shall remain in full force and effect. |
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SECTION 2. This act shall take effect upon passage. |
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LC02453 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO MAKING APPROPRIATIONS FOR THE SUPPORT OF THE STATE FOR | |
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THE FISCAL YEAR ENDING JUNE 30, 2012 | |
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This act would provide that for the fiscal year ending June 30, 2012 the state lottery may |
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amend the Master Video Terminal Contract providing additional promotional points to the |
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gambling facilities covered thereby. |
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This act would take effect upon passage. |
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LC02453 | |
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