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WV SB513
Bill
AI Summary
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Changes how municipalities in counties with racetracks not located within a municipality receive their share of video lottery net terminal income, shifting from equal distribution among all municipalities to per capita distribution based on the most recent decennial U.S. census
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Applies the per capita distribution formula to both regular net terminal income (§29-22A-10) and excess net terminal income (§29-22A-10b) distributions to municipalities
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Affects only counties where the racetrack has been located outside any municipality since on or before January 1, 1999, where municipalities receive one percent of the two percent county allocation
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Makes minor technical corrections replacing "must" with "shall" and changing "shall not" to "may not" regarding commission administrative cost limitations
Legislative Description
Relating generally to video lottery
Boards and Commissions
Last Action
To Finance
3/11/2025