SP0200, LD 510, item 1, An Act To Ensure Equity in Funding to State Postsecondary Institutions of Higher Learning

An Act To Ensure Equity in Funding to State Postsecondary Institutions of Higher Learning

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 8 MRSA §1036, sub-§2, ¶F, as amended by PL 2005, c. 663, §12, is further amended to read:

F. Two percent of the net slot machine income must be forwarded by the board to the University of Maine System Scholarship Fund created in Title 20-A, section 10909 ; and to the Board of Trustees of the Maine Maritime Academy to be applied by the board of trustees to fund its scholarship program. The slot machine income under this paragraph must be distributed as follows:

(1) The University of Maine System share is the total amount of the distribution multiplied by the ratio of enrolled students in the system to the total number of enrolled students both in the system and at the Maine Maritime Academy; and

(2) The Maine Maritime Academy share is the total amount of the distribution multiplied by the ratio of enrolled students at the academy to the total number of enrolled students both in the system and at the academy;

Sec. 2. 8 MRSA §1036, sub-§2-A, ¶B, as enacted by IB 2009, c. 2, §45, is further amended to read:

B. Four percent of the net slot machine income must be forwarded by the board to the University of Maine System Scholarship Fund created in Title 20-A, section 10909 ; and to the Board of Trustees of the Maine Maritime Academy to be applied by the board of trustees to fund its scholarship program. The slot machine income under this paragraph must be distributed as follows:

summary

This bill directs the Department of Public Safety, Gambling Control Board to forward revenue from slot machines operated by a casino operator and by a slot machine operator to the Board of Trustees of the Maine Maritime Academy to help fund its scholarships program.

SP0200 LD 510	Session - 126th Maine Legislature		LR 448 Item 1
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