Connecticut § 12-578j Payment to state.

Connecticut Statutes

§ 12-578j — Payment to state.

Connecticut·Title 12 Taxation·Ch. 226 Gaming Policy, Regulation and Revenue

(a)Not later than June 30, 2019, MMCT Venture, LLC, as defined in subsection (a) of section 12-578f, shall pay to the state thirty million dollars for deposit in the General Fund. Such money shall be credited against any unpaid required payments pursuant to subsection (c) of section 12-578g for each month in which the casino gaming facility is conducting authorized games in such amount and manner as determined pursuant to an agreement between the Secretary of the Office of Policy and Management and MMCT Venture, LLC. No interest shall be charged.

(b)Notwithstanding the provisions of subsection (a) of this section, the requirement to make a payment to the state pursuant to subsection (a) of this section shall not be effective during the ten-year initial term that amendments to the Mashant

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(a) Not later than June 30, 2019, MMCT Venture, LLC, as defined in subsection (a) of section 12-578f, shall pay to the state thirty million dollars for deposit in the General Fund. Such money shall be credited against any unpaid required payments pursuant to subsection (c) of section 12-578g for each month in which the casino gaming facility is conducting authorized games in such amount and manner as determined pursuant to an agreement between the Secretary of the Office of Policy and Management and MMCT Venture, LLC. No interest shall be charged. (b) Notwithstanding the provisions of subsection (a) of this section, the requirement to make a payment to the state pursuant to subsection (a) of this section shall not be effective during the ten-year initial term that amendments to the Mashantucket Pequot procedures and to the Mashantucket Pequot memorandum of understanding with the Mashantucket Pequot Tribe, or a new compact with the Mashantucket Pequot Tribe, and amendments to the Mohegan compact and to the Mohegan memorandum of understanding with the Mohegan Tribe of Indians of Connecticut, or a new compact with the Mohegan Tribe of Indians of Connecticut, entered into pursuant to section 12-851 are effective, as described in subdivision (3) of subsection (b) of section 12-851 .

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Legislative History

(June Sp. Sess. P.A. 17-2, S. 655; P.A. 21-23, S. 26.) History: June Sp. Sess. P.A. 17-2 effective October 31, 2017; P.A. 21-23 designated existing provisions as Subsec. (a) and added Subsec. (b) re when requirement to make payment not effective, effective July 1, 2021.