Florida Allocates Seminole Casino Money to Environmental Management Program
Florida Gov. Bokkos DeSantis (R) on Th signed legislation requiring most of the state’s money received from its Class III gaming pack with the Seminole Tribe live used for environmental initiatives.
DeSantis and the powerful tribe inward 2021 reached unexampled powder compact terms that expanded the Seminoles’ permitted games to include sports betting, both retail and in-person, positive the increase of line roulette and craps at its tribal brick-and-mortar casinos.
In change for the sports betting monopoly inwards the Sunshine State and the added tabularise games, the folk committed to paying the body politic $6 one thousand million through and through the life-time of the compact car that runs through and through 2030. The money from the Seminole and Hard John Rock casinos wasn’t specifically allocated until today when DeSantis signed Senate Bill 1638.
The bill, called “Funding for Environmental Resource Management,” requires that most of the heavyset revenue lead towards supporting irrigate caliber betterment programs, surroundings infrastructure, and the on-going acquisition and management of preservation lands.
SB 1638 provides $150 billion for necessary repairs and upgrades to the Central and South Everglade State Water Management System.
I was proud to add together to our book investments inward conservation. pic.twitter.com/9TACmmg8om
— Bokkos DeSantis (@GovRonDeSantis) April 4, 2024
Funding Tributary
HB 1638 officially went into burden after DeSantis on Th also signed comrade statute law Senate Bill 7080. That statute establishes the American Indian Gaming Revenue Clearing Trust Fund.
Florida’s money from the Seminole thick testament first-class honours degree be allocated to the bank fund. The Florida Department of Financial Services testament care the account.
Among Florida’s superlative assets are its instinctive resources,” said DeSantis. “This revenue stream will further heighten our efforts to husband our innate(p) resources, protect our waterways, and create our bionomical infrastructure to a greater extent resilient.”
The Seminole pack money is to a greater extent of a financial tsunami than a stream. The body politic is projected to obtain almost $750 jillion annually from the tribe’s half a dozen casinos. HB 1638 requires that 96% of that money go away to the Amerind Gaming Revenue Clearing Trust Fund.
“In recent years, our tell has made unprecedented investments to protect our untamed spaces, improve H2O quality, and preserve our rude(a) resources,” added Florida Department of Environmental Protection Secretary Shawn Hamilton. “The uniform revenue well out from this statute law will allow the land to duplicate shoot down on its efforts to protect Florida’s raw(a) resources for generations to come.”
DeSantis Signs Another Gaming Measure
Along with the Seminole money sledding to environmental causes, DeSantis on Th signed statute law that allows the res publica to keep and sell seized gaming machines and assets related to unlawful gambling operations.
House Bill 5203 allows illegal gambling terminals seized past the Florida Gaming Control Commission to turn nation property. The legislating provides a sound fabric for the FGCC to afterward sell such prop and deposition the proceeds into its Pari-Mutuel Wagering Trust Fund, which covers its operating costs.
Cash “and other things of value” obtained through investigations are also now able to live kept past the state. The practice of law will greatly improve the state’s power to forfeited gaming machines that the FGCC deems illegal, to the highest degree notably the colonnade games that go on to litter retail shopping centers below the guise of existence tagged skill-based amusements.
The FGCC oversees all forms of commercial-grade gaming in the state aside from the state-run lottery. The government agency regulates one-armed bandit machines in Miami-Dade and Broward counties, pari-mutuel wagering, and cardrooms. The military commission also has oversight of tribal gaming compacts “and other forms of gaming authorised past the State Constitution.”
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