Bill Text: MI SB0934 | 2023-2024 | 102nd Legislature | Chaptered

Michigan Senate Bill 934 (Prior Session Legislation)

Bill Title: Gaming: other; expenditures to the compulsive gaming prevention fund; modify. Amends sec. 16 of 2019 PA 152 (MCL 432.316).

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2024-10-09 - Assigned Pa 0142'24 [SB0934 Detail]

Download: Michigan-2023-SB0934-Chaptered.html

Act No. 142

Public Acts of 2024

Approved by the Governor

October 8, 2024

Filed with the Secretary of State

October 8, 2024

EFFECTIVE DATE: Sine Die

(91st day after final adjournment of the 2024 Regular Session)

state of michigan

102nd Legislature

Regular session of 2024

Introduced by Senator Anthony

ENROLLED SENATE BILL No. 934

AN ACT to amend 2019 PA 152, entitled �An act to create the lawful internet gaming act; to require licensure for persons to offer internet gaming; to impose requirements for internet gaming; to provide for the powers and duties of the Michigan gaming control board and other state and local officers and entities; to impose fees; to impose tax and other payment obligations on the conduct of licensed internet gaming; to create the internet gaming fund; to prohibit certain acts in relation to internet gaming and to prescribe penalties for those violations; to require the promulgation of rules; and to provide remedies,� by amending section 16 (MCL 432.316), as amended by 2022 PA 269.

The People of the State of Michigan enact:

Sec. 16. (1) The internet gaming fund is created in the state treasury.

(2) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.

(3) The board is the administrator of the fund for auditing purposes.

(4) Except as otherwise provided in section 15(2), the board shall expend money from the fund, on appropriation, for all of the following:

(a) The costs incurred by the board in regulating and enforcing internet gaming under this act.

(b) The costs incurred by the executive director or board in the administration and enforcement of millionaire party activity under the Traxler-McCauley-Law-Bowman bingo act, 1972 PA 382, MCL 432.101 to 432.152.

(c) After the expenditures under subdivisions (a) and (b), each year, $3,000,000.00 to the compulsive gaming prevention fund created in section 3 of the compulsive gaming prevention act, 1997 PA 70, MCL 432.253.

(d) After the expenditures under subdivisions (a), (b), and (c), each year, $2,000,000.00 to the Christopher R. Slezak first responder presumed coverage fund created in section 405 of the worker�s disability compensation act of 1969, 1969 PA 317, MCL 418.405.

(e) All money remaining after expenditures under subdivisions (a), (b), (c), and (d) to be deposited into the state school aid fund established under section 11 of article IX of the state constitution of 1963.

(5) As used in this section, �executive director� means that term as defined in section 2 of the Traxler-McCauley-Law-Bowman bingo act, 1972 PA 382, MCL 432.102.