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HB 1430

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Video Lottery Operator - Reconciliation of Proceeds - Uncollectible Debt

Sponsor: Kevin B. Hornberger (District 35B)Committee: Ways and MeansSubject: GamingStatus: First Reading Budget and Taxation (as of Nov 6, 2020)

What this bill does

Official synopsis

Altering the definition of 'proceeds' to allow a video lottery operator, under certain circumstances, to reduce the amount of proceeds received from video lottery terminals and table games by the amount of certain uncollectible negotiable instruments for up to 7 days following a certain determination; requiring the State Lottery and Gaming Control Commission to adopt certain regulations; requiring the video lottery operator to provide a quarterly report to certain committees regarding certain uncollectible or forgiven debts; etc.

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Testimony (3)

MGA witness list
FAV 2FavorableINFO 1Information only
PositionWitnessOrganizationTestimony
FAVGumiela, ChrisMGMOral
FAVDelegate Hornberger, Delegate HornbergerlegislatorIndividualPosition only
INFObutler, jamesmlgcaWritten (PDF)

Organizations on record

MGMFAV 1
mlgcaINFO 1