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Introduced Version House Bill 2117 History

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Key: Green = existing Code. Red = new code to be enacted
H. B. 2117


(By Delegate Martin)
[Introduced January 13, 2010; referred to the
Committee on the Judiciary then Finance.]




A BILL to amend and reenact §29-22B-1408 of the Code of West Virginia, 1931, as amended, relating to reallocating the proceeds from limited video lottery by increasing the percentages payable to counties, municipalities and retailers.

Be it enacted by the Legislature of West Virginia:
That §29-22B-1408 of the Code of West Virginia, 1931, as amended, be amended and reenacted to read as follows:
ARTICLE 22B. LIMITED VIDEO LOTTERY.

§29-22B-1408. Distribution of state's share of gross terminal income.

(a) The state's share of gross terminal income is calculated as follows:
(1) The commission shall deposit two percent of gross terminal income into the State Lottery Fund for the commission's costs and expenses incurred in administering this article. From this amount, not less than $150,000 nor more than $1 million per fiscal year, as determined by the commission each year, shall be transferred to the compulsive gambling treatment fund created in section nineteen, article twenty-two-a of this chapter. In the event that the percentage allotted under this subsection for the commission's costs and expenses incurred in administering this article generates a surplus, the surplus shall be allowed to accumulate to an amount not to exceed $250,000. On a monthly basis, the director shall report to the Joint Committee on Government and Finance of the Legislature any surplus in excess of $250,000 and remit to the State Treasurer the entire amount of those surplus funds in excess of $250,000 to be deposited in the fund established in section eighteen-a, article twenty-two of this chapter: Provided, That at the close of each of the fiscal years ending June 30, 2006, 2007, 2008, 2009, 2010 and 2011, the portion of the two percent allowance for administrative expenses provided in this subdivision (1) that remains unspent for costs and expenses incurred in administering this article, not to exceed $20 million in any fiscal year, shall be transferred to the Revenue Center Construction Fund created by subsection (l) of section eighteen, article twenty-two of this chapter for the purpose of constructing a state office building.
(2) Gross profits are determined by deducting the percentage described in subdivision (1) of this subsection, from gross terminal income.
(3) The commission shall receive thirty percent of gross profits as defined in subdivision (2) of this subsection except as otherwise provided in this subdivision. On June 1, 2002, the commission shall calculate the aggregate average daily gross terminal income for all operating video lottery terminals during the preceding three month period. Thereafter, the commission shall make the calculation on the first day of the month preceding the months of October, January, April and July of each year. So long as the aggregate average gross terminal income per day for the operating video lottery terminals does not exceed $60, the commission's share of gross profits shall continue to be thirty percent for the succeeding quarter of the year beginning July 1. Beginning July 1, 2002, and the first days of October, January, April and July in 2002, and thereafter, if the commission's calculation of aggregate average daily gross terminal income per video lottery terminal yields an amount greater than $60, one of the following schedules apply: If the amount is greater than $60 per day but not greater than $80 per day, the commission's share of gross profits for the ensuing quarter beginning the first day of the quarter of the year described in this subdivision shall be thirty-four percent; if the amount is greater than $80 per day but not greater than $100 per day, the commission's share of gross profits for the ensuing quarter beginning the first day of the quarter of the year described in this subdivision shall be thirty-eight percent; if the amount is greater than $100 per day but not greater than $120 per day, the commission's share of gross profits for the ensuing quarter beginning the first day of the quarter of the year described in this subdivision shall be forty-two percent; if the amount is greater than $120 per day but not greater than $140 per day, the commission's share of gross profits for the ensuing quarter beginning the first day of the quarter of the year described in this subdivision shall be forty-six percent; if the amount is greater than $140 per day, the commission's share of gross profits for the ensuing quarter beginning the first day of the quarter of the year described in this subdivision shall be fifty percent. There shall be an additional eight percent deducted from the gross profits and payable to the video lottery retailers. This remaining amount shall be known as net terminal income.
(b) Net terminal income shall be distributed by the commission as follows:
(1)(A) Beginning July 1, 2002 2009, a county and the incorporated municipalities within that county shall receive two four percent of the net terminal income generated by limited video lottery terminals located within the county;
(B) From this two four percent of net terminal income, each municipality shall receive a share that bears the same proportion to the total two four percent of net terminal income as the population of the municipality bears to the total population of the county as determined by the most recent decennial United States census of population, and the county shall receive the remaining portion of the two four percent of net terminal income; and
(2) Any remaining funds shall be deposited into the State Excess Lottery Revenue Fund established in section eighteen-a, article twenty-two of this chapter.
(c) The licensed operators and limited video lottery retailers shall receive the balance of gross terminal income remaining after deduction of the state's and retailers' share shares as calculated pursuant to this section.


NOTE: The purpose of this bill is to reallocate the proceeds from limited video lottery by increasing the percentages payable to counties, municipalities and retailers.

Strike-throughs indicate language that would be stricken from the present law, and underscoring indicates new language that would be added.
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