Florida Senate - 2009                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 788
       
       
       
       
       
       
                                Barcode 390982                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 3/AD/2R         .                                
             04/16/2009 01:58 PM       .                                
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       Senator Jones moved the following:
       
    1         Senate Substitute for Amendment (522326) 
    2  
    3         Delete lines 179 - 201
    4  and insert:
    5         (4) For the purpose of satisfying the requirement in 25
    6  U.S.C. s. 2710(d)(1)(B) that the gaming activities authorized
    7  under an Indian gaming compact must be permitted in the state
    8  for any purpose by any person, organization or entity, the Class
    9  III games specified in this section are hereby authorized to be
   10  conducted in Florida pursuant to a compact that meets all of the
   11  terms and standards required by this act.
   12         (5)(a) In consideration for authority to play the specified
   13  Class III games described in this section, the compact shall
   14  provide for revenue sharing through periodic payments to the
   15  state during the term of the compact. If net win in any cycle is
   16  less than or equal to $2 billion, revenue sharing for that cycle
   17  shall be $400 million. If net win in any cycle is more than $2
   18  billion and less than or equal to $4 billion, revenue sharing
   19  for that cycle shall be $400 million plus 10 percent of net win
   20  that is more than $2 billion and less than or equal to $4
   21  billion. If net win in any cycle is more than $4 billion,
   22  revenue sharing for that cycle shall be $600 million plus 25
   23  percent of net win that is over $4 billion. However, revenue
   24  sharing may be:
   25         1. Reduced or suspended if the net win in any cycle fails
   26  to reach $1.37 billion and shall resume when the net win for a
   27  cycle or any subsequent period reaches $1.37 billion.
   28         2. Reduced pursuant to subsection (10).
   29         (b) The compact shall specify a process for determining the
   30  timing and amount of any reduction of revenue sharing payments.
   31  The process shall provide the state with at least 30 days to
   32  review the Tribe's projection or determination that the net win
   33  for any cycle will or has failed to reach $1.37 billion.
   34         (6) The compact may not provide for the elimination or
   35  reduction of revenue sharing based on the authorization of any
   36  Class III gaming by compact between the state and any other
   37  federally recognized tribe in this state pursuant to the Indian
   38  Gaming Regulatory Act.
   39  
   40  Renumber Subsequent Subsections
   41