Bill Status of HB3418 99th General Assembly
Short Description: VIDEO GAMING-LICENSING TERMS
Rep. Arthur Turner
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Video Gaming Act. Provides that central communication system vendors may develop and provide information regarding gaming devices or individual gaming performance data to all manufacturers related to their respective video gaming terminals. Provides that publicly held corporations that have a registration statement filed or pending with the federal Securities and Exchange Commission seeking and possessing a license under the Act are not required to disclose the identity of every person, association, trust, corporation, or limited liability company having a greater than 1% direct or indirect pecuniary interest in the video gaming terminal operation for which license is sought. Provides that licenses issued to licensed establishments, licensed veterans establishment, licensed truck stop establishments, licensed technicians, and licensed terminal handlers shall be renewed annually. Provides that, upon expiration of an initial license, for licenses issued to manufacturers, distributors, suppliers, and terminal operators, licenses are to be issued annually for 3 years, and then shall be valid for up to 4 years in the Board's discretion. Provides that licenses for manufacturers, distributors, suppliers, terminal operators, licensed establishments, licensed fraternal establishments, licensed veterans establishments, and licensed truck stop establishments are not assignable or transferrable without prior approval of the Board or as provided by Board rule. Effective immediately.