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WV SB513

Bill

Status

Introduced

2/18/2025

Primary Sponsor

Ryan Weld

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Finance3/11/2025
Government Organization2/18/2025

Full Bill Text

No bill text available