Michigan Laws 432.415a – Allocation of certain payments
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Terms Used In Michigan Laws 432.415a
- Fund: means the internet sports betting fund created under section 16. See Michigan Laws 432.403
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Any payments under section 7(1)(f) must be allocated as follows:
(a) Ninety percent to this state to be deposited in the fund.
(b) Ten percent to the Michigan strategic fund created under section 5 of the Michigan strategic fund act, 1984 PA 270, MCL 125.2005.