Code of Massachusetts Regulations
205 CMR - MASSACHUSETTS GAMING COMMISSION
Title 205 CMR 121.00 - Licensing Fee
Section 121.04 - Commission Annual Budget

Universal Citation: 205 MA Code of Regs 205.121

Current through Register 1531, September 27, 2024

(1) The commission shall develop and approve an annual budget prior to the beginning of each fiscal year. The budget is an estimated budget and shall include cost projections for the subsequent fiscal year and anticipated revenues to the commission. For fiscal year 2015 and thereafter as necessary, the budget shall also include as part of cost projections an amount sufficient to make the transfers pursuant to St. 2011, c. 194, § 93. Such amount shall be assessed on each licensee on a proportional basis using the number of gaming positions approved for each gaming establishment.

(2) The commission will monitor the budget on a quarterly basis and issue a report outlining actual costs/revenues against the estimated budget.

(3) If at any time during the fiscal year the commission determines that actual costs will exceed the projected costs and projected revenue in the budget the commission will revise the Annual Assessment assessed to each gaming establishment and invoice each gaming establishment for its proportional share of such costs.

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