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Code · Pennsylvania · Title 4 — AMUSEMENTS · Chapter 3

§ 332. Licensed operator deposits.

376 words·~2 min read·/pa/title-4/chapter-3/332

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§ 332. Licensed operator deposits.
(a)Accounts established.-- The State Treasurer shall establish within the State Treasury an account for each licensed operator for the deposits required under subsection
(b)to recover costs or expenses incurred by the board and the department in carrying out their powers and duties under this chapter based upon a budget submitted by the board and the department under subsection (c).
(b)Deposits.--
(1)The department shall determine the appropriate assessment amount for each licensed operator, which shall be a percentage assessed by the department on the licensed operator's fantasy contest adjusted revenues. Each licensed operator shall deposit funds into its account on a monthly basis.
(2)The percentage assessed by the department shall not exceed an amount necessary to recover costs or expenses incurred by the board and the department in carrying out their powers and duties under this chapter based on a budget submitted by the board and the department under subsection (c).
(c)Itemized budget reporting.--
(1)The board and the department shall prepare and annually submit to the chairperson and minority chairperson of the Appropriations Committee of the Senate and the chairperson and minority chairperson of the Appropriations Committee of the House of Representatives an itemized budget consisting of amounts to be appropriated out of the accounts established under this section necessary to administer this chapter.
(2)The itemized budget required under paragraph
(1)shall be submitted in conjunction with the budget required to be submitted under section 1202(b)(28) (relating to general and specific powers).
(d)Appropriation.-- Costs and expenses from accounts established under subsection
(a)shall only be disbursed upon appropriation by the General Assembly.
(e)Penalty.--
(1)A licensed operator who fails to timely remit to the department the tax imposed under this section shall be liable, in addition to any sanction or penalty imposed under this chapter, for the payment of a penalty of 5% per month up to a maximum of 25% of the amounts ultimately found to be due, to be recovered by the department.
(2)Penalties imposed and collected by the department under this subsection shall be deposited into the General Fund.
04c332v
Cross References. Section 332 is referred to in sections 311, 324, 325, 326, 333 of this title.
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