§ 9-1A-13. Video lottery operation licenses; term; renewal
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2023
Effective: July 1, 2023
MD Code, State Government, § 9-1A-13
§ 9-1A-13. Video lottery operation licenses; term; renewal
(a) The initial term of a video lottery operation license is 15 years from the date on which the video lottery facility is issued the license by the Commission.
(b) During the initial term of a video lottery operation license, the licensee shall provide the Commission with an annual update of the information required under this subtitle for the issuance of a license by the date set by the Commission in regulations and on the form required by the Commission.
(c) At least 2 years but not more than 5 years before the expiration of the initial 15-year license term or a renewal term of a video lottery operation license, the licensee shall file with the Commission a notice of intent to apply for renewal of the license under this subtitle.
(d)(1) This subsection applies to the first renewal of a video lottery operation license following the initial 15-year term and each subsequent renewal of the license.
(6)(i) For each 5-year period of the 15-year term, the video lottery operation licensee shall pay a fee equal to 0.75% of the average annual proceeds from the operation of video lottery terminals and table games at the video lottery facility for the preceding 3-year period, to be paid in equal annual installments.
Credits
Added by Acts 2007, 1st Sp. Sess., c. 4, § 1, eff. Nov. 25, 2008. Amended by Acts 2010, c. 624, § 1, eff. June 1, 2010; Acts 2017, c. 446, § 1, eff. Oct. 1, 2017; Acts 2023, c. 736, § 1, eff. July 1, 2023.
MD Code, State Government, § 9-1A-13, MD STATE GOVT § 9-1A-13
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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