Pennsylvania HB1823 amends the State Gaming Fund and net slot machine revenue distribution.

Pennsylvania HB1823 amends the State Gaming Fund and net slot machine revenue distribution by adjusting the formula for distributing funds to municipalities and counties. It sets a cap on the amount distributed to any municipality, not exceeding 50% of its total budget for fiscal year 2009 or 2013, adjusted for inflation. The bill also establishes a restricted receipts account for economic development projects, infrastructure projects, job training, and community improvement projects. Funds not distributed to municipalities are deposited into this account. The bill takes effect in 60 days.

Pennsylvania HB1823 amends the State Gaming Fund and net slot machine revenue distribution.

Pennsylvania HB1823 amends the State Gaming Fund and net slot machine revenue distribution by adjusting the formula for distributing funds to municipalities and counties. It sets a cap on the amount distributed to any municipality, not exceeding 50% of its total budget for fiscal year 2009 or 2013, adjusted for inflation. The bill also establishes a restricted receipts account for economic development projects, infrastructure projects, job training, and community improvement projects. Funds not distributed to municipalities are deposited into this account. The bill takes effect in 60 days.