Mobile sports betting; include tidelands and child support.
What changed between versions
Added a new subsection (3) to Section 6 that conditions the distribution of Mobile Sports Wagering Tax Fund revenues to the Public Employees' Retirement System on the system's assumed rate of return being equal to or greater than the 2020 actuarial rate, potentially delaying or reducing pension contributions if investment returns fall below historical levels.
Modified the definition of 'Gaming employee' to remove specific examples of excluded personnel (bartenders, cocktail waitresses) and streamlined the language for clarity.
Updated the definition of 'Credit instrument' to remove redundant language about debt owed to licensed persons at the time of creation, simplifying the definition.
Removed references to 'Establishment' definition subsection (i) and made formatting corrections throughout the document, including removing unnecessary line breaks and standardizing text formatting.
Corrected formatting and spacing issues throughout the document, including fixing inconsistent use of bullet points, line breaks, and text alignment.
Modified the Retail Sports Wagering Protection Fund definition to more precisely reference the specific subsection of the Mobile Sports Wagering Tax Fund from which funds are transferred.