2192-S AMH SHEL HERZ 36

SHB 2192 - H AMD TO H AMD (H-3263.2/97) 686

By Representative Sheldon

     On page 15, line 11 of the striking amendment, after A67.70.240(5)@ insert AEach year, the commission shall determine the impact of the new games upon deposits into the state's general fund under RCW 67.70.240(3).  If the commission determines that the new games reduce deposits into the state's general fund in any year compared to deposits that would have occurred in the absence of the new games, the team affiliate, as defined in section 101 of this act, shall deposit in the state's general fund an amount determined by the commission to be equal to the reduction in state general fund deposits for that year prior to the distributions under RCW 67.70.240(5) taking effect.@

EFFECT:  Requires the team to compensate the general fund for any reduction in revenues resulting from the new lottery games prior to lottery moneys being distributed to the stadium and exhibition center account.