This text of Michigan § 432.253 (Compulsive gaming prevention fund; creation; disposition; distributions; investment; credit of interest and earnings; lapsed funds; fees for addiction treatment.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
COMPULSIVE GAMING PREVENTION ACT (EXCERPT) Act 70 of 1997 432.253 Compulsive gaming prevention fund; creation; disposition; distributions; investment; credit of interest and earnings; lapsed funds; fees for addiction treatment. Sec. 3.
(1)The compulsive gaming prevention fund is created within the department of treasury.
(2)All of the following must be deposited in the compulsive gaming prevention fund:
(a)The money appropriated from the state services fee fund created in section 12a of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432.212a, for the compulsive gaming prevention fund.
(b)A percentage of the net revenue in the state lottery fund created in section 41 of the McCauley-Traxler-Law-Bowman-McNeely lottery act, 1972 PA 239, MCL 432.41, that is equal to not less t
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COMPULSIVE GAMING PREVENTION ACT (EXCERPT) Act 70 of 1997 432.253 Compulsive gaming prevention fund; creation; disposition; distributions; investment; credit of interest and earnings; lapsed funds; fees for addiction treatment. Sec. 3. (1) The compulsive gaming prevention fund is created within the department of treasury. (2) All of the following must be deposited in the compulsive gaming prevention fund: (a) The money appropriated from the state services fee fund created in section 12a of the Michigan gaming control and revenue act, 1996 IL 1, MCL 432.212a, for the compulsive gaming prevention fund. (b) A percentage of the net revenue in the state lottery fund created in section 41 of the McCauley-Traxler-Law-Bowman-McNeely lottery act, 1972 PA 239, MCL 432.41, that is equal to not less than 10% of each year's state lottery advertising budget but not to exceed $2,000,000.00. (c) A percentage of the Michigan agriculture equine industry development fund created in section 20 of the horse racing law of 1995, 1995 PA 279, MCL 431.320, that is equal to 1/15 of 1% of the gross wagers made each year in each of the racetracks licensed under the horse racing law of 1995, 1995 PA 279, MCL 431.301 to 431.336. (d) The money appropriated from the internet gaming fund created in section 16 of the lawful internet gaming act, 2019 PA 152, MCL 432.316, for the compulsive gaming prevention fund. (e) The money appropriated from the internet sports betting fund created in section 16 of the lawful sports betting act, 2019 PA 149, MCL 432.416, for the compulsive gaming prevention fund. (3) Of the money available in the compulsive gaming prevention fund, up to $1,040,500.00 may be distributed annually to the domestic and sexual violence prevention and treatment board created in section 2 of 1978 PA 389, MCL 400.1502. The remaining money in the compulsive gaming prevention fund must be distributed as determined by the director of the department of health and human services to be used exclusively for the treatment, prevention, education, training, research, and evaluation of pathological gamblers and their families and to fund the toll-free compulsive gaming helpline number. (4) The state treasurer may receive money or other assets required to be paid into the fund under this act or from any other source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments. (5) Money remaining in the compulsive gaming prevention fund at the close of the fiscal year must remain in the compulsive gaming prevention fund and must not lapse to the general fund. (6) The department of health and human services may establish fees for the treatment of pathological gambling addictions.