1. (a) This section applies only to tax revenue collected from an inland casino located in Allen County, DeKalb County, or Steuben County under IC 4-33-6.8 .

2. (b) The treasurer of state shall pay the following amounts from taxes collected during the preceding calendar quarter from the inland casino:

   1. (1) Ten percent (10%) to the regional development authority established under IC 36-7.6 for northeast Indiana.
   2. (2) Forty-five percent (45%) to the city in which the casino conducts gaming operations.
   3. (3) Forty-five percent (45%) to the county in which the casino conducts gaming operations.

3. (c) This subsection applies to a city or county receiving money under subsection (b). Money paid to a city or county under subsection (b):

   1. (1) must be paid to the fiscal officer of the unit and may be deposited in the unit's general fund or a riverboat fund established by the city or county under IC 36-1-8-9 , or both;
   2. (2) may not be used to reduce the unit's maximum levy under IC 6-1.1-18.5 but may be used at the discretion of the unit to reduce the property tax levy of the unit for a particular year;
   3. (3) may be used for any legal or corporate purpose of the unit, including the pledge of money to bonds, leases, or other obligations under IC 5-1-14-4 ; and
   4. (4) is considered miscellaneous revenue.
4. (d) Money paid under subsection (b)(1) must be deposited in the development authority fund established under IC 36-7.6-4-1 for the regional development authority to which the money is due.

As added by P.L.77-2026, SEC.13.