Indiana Statutes

§ 4-35-5-3 — Initial license fee

Indiana·Art. 35 GAMBLING GAMES AT RACETRACKS·Ch. 5 Gambling Game License
(a)A permit holder that is issued a gambling game license under this article must pay to the commission an initial licensing fee of two hundred fifty million dollars ($250,000,000) as follows:
(1)One hundred fifty million dollars ($150,000,000) payable before November 1, 2007.
(2)One hundred million dollars ($100,000,000) payable before November 1, 2008.
(b)The commission shall deposit any initial licensing fees collected under this section into the state general fund.

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Related

LHT Capital, LLC v. Indiana Horse Racing Commission
891 N.E.2d 646 (Indiana Court of Appeals, 2008)
3 case citations

Legislative History

As added by P.L.233-2007, SEC.21. Amended by P.L.146-2008, SEC.19.

Nearby Sections

15
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