2024 Senate Bill 934

AI Analysis – Experimental

The bill establishes the Internet Gaming Fund within the state treasury, authorizing the state treasurer to receive and invest funds from various sources, with interest and earnings credited back to the fund. The Michigan Gaming Control Board is designated as the fund's administrator for auditing purposes. The legislation outlines specific allocations from the fund, prioritizing the costs associated with regulating and enforcing internet gaming, as well as the administration and enforcement of millionaire party activities under the Traxler-McCauley-Law-Bowman Bingo Act.

Following these primary expenditures, the bill mandates an annual allocation of $3 million to the Compulsive Gaming Prevention Fund, as established by the Compulsive Gaming Prevention Act of 1997. Additionally, $2 million per year is allocated to the Christopher R. Slezak First Responder Presumed Coverage Fund, created under the Worker’s Disability Compensation Act of 1969. Any remaining funds after these allocations are directed to the State School Aid Fund, supporting educational initiatives as per the state constitution.

The amendments introduced by SB-0934 impact various stakeholders, including regulatory bodies, first responders, and educational institutions. The funding provisions aim to enhance regulatory oversight, support compulsive gaming prevention efforts, and provide financial assistance to first responders, while also contributing to the state's educational funding. The bill specifies no immediate deadlines but establishes annual funding allocations to ensure ongoing financial support for the outlined purposes.