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Pennsylvania Gaming Economic Development and Tourism Fund - 4 Pa. Cons. Stat. § 1407

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     § 1407.  Pennsylvania Gaming Economic Development and Tourism
                Fund.
        (a)  Fund established.--There is hereby established a
     Pennsylvania Gaming Economic Development and Tourism Fund within
     the State Treasury.
        (b)  Fund administration and distribution.--The Pennsylvania
     Gaming Economic Development and Tourism Fund shall be
     administered by the Department of Community and Economic
     Development. All moneys in the Pennsylvania Gaming Economic
     Development and Tourism Fund shall be distributed pursuant to a
     subsequently enacted Economic Development Capital Budget that
     appropriates money from the fund pursuant to this section. The
     procedures for enactment, authorization and release of economic
     development and tourism funds authorized under this section for
     both capital projects and operational expenditures shall be the
     same as those provided for in sections 303(a), (b) and (c) and
     318(a) of the act of February 9, 1999 (P.L.1, No.1), known as
     the Capital Facilities Debt Enabling Act, without reference to
     the nature or purpose of the project, and any other statutory
     provision, if any, necessary to effectuate the release of funds
     appropriated in such economic development capital budget.
        (c)  Pennsylvania Gaming Economic Development and Tourism
     Fund Assessment.--Each licensed gaming entity shall pay a daily
     assessment of 5% of its gross terminal revenue to the
     Pennsylvania Gaming Economic Development and Tourism Fund.
        (d)  Restrictions on projects for certain counties and
     cities.--For a ten-year period beginning with the first fiscal
     year during which deposits are made into this fund, no moneys
     from the Pennsylvania Gaming Economic Development and Tourism
     Fund shall be distributed for any project located in a city or
     county of the first or second class except as authorized by this
     subsection. Moneys not used for the authorized projects in
     cities and counties of the first and second classes may be used
     throughout this Commonwealth. Moneys from the fund for projects
     within cities and counties of the first and second classes may
     only be used for the following projects during this ten-year
     period:
            (1)  for reimbursement to a city of the first class for
        debt service made by such city to the extent that such
        payments have been made for the expansion of the Pennsylvania
        Convention Center;
            (2)  for distribution to the General Fund to the extent
        that the Commonwealth has made debt service payments for the
        expansion of the Pennsylvania Convention Center;
            (3)  for reimbursement to a city of the first class for
        payments made by such city for the operation expenses of the
        Pennsylvania Convention Center during the prior calendar
        year;
            (4)  for debt service and for development and economic
        development projects for an international airport located in
        a county of the second class;
            (5)  for distribution to a community infrastructure
        development fund of a county of the second class to fund
        construction, development, improvement and maintenance of
        infrastructure projects;
            (6)  for the retirement of the indebtedness of an urban
        redevelopment authority created pursuant to the act of May
        24, 1945 (P.L.991, No.385), known as the Urban Redevelopment
        Law, in a city of the second class which is financed in part
        with the utilization of funds transferred to the regional
        asset district pursuant to Article XXXI-B of the act of July
        28, 1953 (P.L.723, No.230), known as the Second Class County
        Code;
            (7)  for retirement of indebtedness and for financing of
        a hotel or convention center in a city of the second class
        established pursuant to the authority of the act of July 29,
        1953 (P.L.1034, No.270), known as the Public Auditorium
        Authorities Law;
            (8)  for retirement of indebtedness of a county of the
        second class development fund created pursuant to the
        authority of Article XXXI-B of the Second Class County Code
        and the Urban Redevelopment Law;
            (9)  for retirement of indebtedness of a convention
        center in a city of the second class established pursuant to
        the authority of the Public Auditorium Authorities Law;
            (10)  for payment of the operating deficit for the
        operation of a convention center in a city of the second
        class established pursuant to the Public Auditorium
        Authorities Law.

        Cross References.  Section 1407 is referred to in sections
     1103, 1313 of this title.

Last modified: November 27, 2007