99F.5 - LICENSE TO CONDUCT GAMBLING GAMES ON EXCURSION GAMBLING BOATS AND AT GAMBLING STRUCTURES -- LICENSE TO OPERATE BOAT -- APPLICATIONS -- OPERATING AGREEMENTS -- FEE.
99F.5 LICENSE TO CONDUCT GAMBLING GAMES ON EXCURSION
GAMBLING BOATS AND AT GAMBLING STRUCTURES -- LICENSE TO OPERATE BOAT
-- APPLICATIONS -- OPERATING AGREEMENTS -- FEE.
1. A qualified sponsoring organization may apply to the
commission for a license to conduct gambling games on an excursion
gambling boat or gambling structure as provided in this chapter. A
person may apply to the commission for a license to operate an
excursion gambling boat. An operating agreement entered into on or
after May 6, 2004, between a qualified sponsoring organization and an
operator of an excursion gambling boat or gambling structure shall
provide for a minimum distribution by the qualified sponsoring
organization for educational, civic, public, charitable, patriotic,
or religious uses as defined in section 99B.7, subsection 3,
paragraph "b", that averages at least three percent of the
adjusted gross receipts for each license year. The application shall
be filed with the administrator of the commission at least ninety
days before the first day of the next excursion season as determined
by the commission, shall identify the excursion gambling boat upon
which gambling games will be authorized, shall specify the exact
location where the excursion gambling boat will be docked, and shall
be in a form and contain information as the commission prescribes.
The minimum capacity of an excursion gambling boat or gambling
structure is two hundred fifty persons.
2. The annual license fee to operate an excursion gambling boat
shall be based on the passenger-carrying capacity including crew, for
which the excursion gambling boat is registered. For a gambling
structure, the annual license fee shall be based on the capacity of
the gambling structure. The annual fee shall be five dollars per
person capacity. Section History: Recent Form
89 Acts, ch 67, §5; 94 Acts, ch 1021, §14; 2004 Acts, ch 1136, §
39, 65; 2007 Acts, ch 188, §10
Referred to in § 99F.4A