§ 4-33-6.5-5 — Requirements of operating agent

Indiana § 4-33-6.5-5

• Jurisdiction: Indiana
• Art. 33: RIVERBOAT GAMBLING
• Ch. 6.5: Riverboat Operating Agent Contract

Text

After selecting the most appropriate operating
agent applicant, the commission may enter into an operating agent
contract with the person. The operating agent contract must comply
with this article and include the following terms and conditions:
(1) The operating agent must pay a nonrefundable initial fee of
one million dollars ($1,000,000) to the commission. The fee must
be deposited by the commission into the West Baden Springs
historic hotel preservation and maintenance fund established by
IC 36-7-11.5-11(b).
(2) The operating agent must post a bond as required in section 6
of this chapter.
(3) The operating agent must locate the riverboat in a historic
hotel district at a location approved by the commission.
(4) The operating agent must comply with any requirements
concerning the exterior design of the riverboat that are approved
by the commission.
(5) Notwithstanding any law limiting the maximum length of
contracts:
(A) the initial term of the contract may not exceed twenty (20)
years; and
(B) any renewal or extension period permitted under the
contract may not exceed twenty (20) years.
(6) The operating agent must collect and remit all taxes under IC 4-33-13.
(7) The operating agent must comply with the restrictions on the
transferability of the operating agent contract under section 12 of
this chapter.

Legislative History

As added by P.L.92-2003, SEC.31. Amended by P.L.234-2007, SEC.278; P.L.268-2017, SEC.23.