| To the extent that sufficient cash is available, within three | 12 |
|
months after the receipt of moneys into the Casino Operator | 13 |
|
Settlement Fund created in section 3772.34 of the Revised Code, | 14 |
|
the Director of Budget and Management shall pay one million | 15 |
|
dollars to the municipal corporation or township in which greater | 16 |
|
than fifty per cent of the real property of a commercial racetrack | 17 |
|
was located on June 11, 2012, or a municipal corporation or | 18 |
|
township to which greater than fifty per cent of the real property | 19 |
|
of a commercial racetrack is to relocate, but excluding the | 20 |
|
previous municipal corporation or township of each moved or moving | 21 |
|
commercial racetrack, and excluding a municipal corporation or | 22 |
|
township in a county with a population between 1,100,000 and | 23 |
|
1,200,000 in the most recent federal decennial census. | 24 |
|
Additionally, within six months after the first payments made | 25 |
|
under this section, the Director of Budget and Management shall | 26 |
| either pay an additional one million dollars to each of these | 27 |
|
municipal corporations and townships or, if the real property of | 28 |
|
such a commercial racetrack is in more than one municipal | 29 |
|
corporation or township, pay the additional one million dollars to | 30 |
|
those municipal corporations or townships in proportion to the | 31 |
|
amount of real property in each municipal corporation or township. | 32 |
Not more than six municipal corporations or townships shall be | 33 |
eligible for the payments under this section. The determination of | 34 |
which six municipal corporations or townships are eligible to | 35 |
|
receive payments under this section shall be made solely by the | 36 |
|
Director of Budget and Management. Each municipal corporation or | 37 |
|
township receiving such a payment shall use at least fifty per | 38 |
|
cent of the funds received for infrastructure or capital | 39 |
|
improvements. If after either of the payments referenced in this | 40 |
|
section, a municipal corporation or township loses a commercial | 41 |
|
racetrack as a result of the commercial racetrack permit holder's | 42 |
|
decision to relocate to another municipal corporation or township, | 43 |
|
the municipal corporation or township losing the commercial | 44 |
|
racetrack becomes eligible for a payment from the Racetrack | 45 |
|
Facility Community Economic Redevelopment Fund provided for in | 46 |
|
Sections 7 and 8 of H.B. 386 of the 129th General Assembly after | 47 |
|
all of the communities that have already lost a racetrack permit | 48 |
|
holder's commercial racetrack at the time the first payments | 49 |
|
referenced in this section are made have each been awarded up to | 50 |
|
$3 million for the initial loss of such commercial racetracks. | 51 |
|
Such a municipal corporation or township shall not receive more | 52 |
|
than the sum of $3 million minus any payments made by the Director | 53 |
|
of Budget and Management in accordance with this section. The | 54 |
|
Director of Budget and Management is also authorized to establish | 55 |
|
any necessary appropriation items in the appropriate funds and | 56 |
|
agencies in order to make any payments required under this | 57 |
|
section. Any funds in such items are hereby appropriated. | 58 |