Friday, May 31, 2013

CA Gov. Jerry Brown Reduces Shingle Springs Miwoks Payments to the State...

  California Gov. Edmund G. Brown signed AB 1267 which ratifies the amended compact he signed with the Shingle Springs Band of Miwok Indians last November. The ratification bill was approved by both houses of the legislature with zero opposition. The compact has been forwarded to the Department of the Interior for final approval.

Under the new compact, the tribe would pay the state 15 percent of Red Hawk's slot-machine winnings. Currently, the state collects up to 25 percent of the slot winnings.

Read more here: http://www.sacbee.com/2013/05/30/5459314/gov-jerry-brown-signs-bill-to.html#storylink=cpy

The compact allows the Tribe, which owns and operates Red Hawk Casino, to restructure and refinance its debt to ensure financial viability of its gaming enterprise and its continued operation as an economic engine for El Dorado County.

Tribal Chairman Nicholas H. Fonseca said, "This amended compact is crucial to Red Hawk Casino's financial sustainability and was agreed upon in the spirit of the Indian Gaming Regulatory Act to finally allow the Tribe to benefit from its tribal gaming. This compact will enable our gaming enterprise to be in a position to continue to benefit our tribal members, our employees, the state and our local community."

The Shingle Springs Tribe has a long history of positive partnership with the state and El Dorado County. The Tribe has made, and will continue to make, significant contributions to El Dorado County to mitigate the impacts of its gaming facility. The Tribe funds public safety and road improvement projects, and operates a health clinic. All of these projects serve the broader community and these benefits were achieved with funds generated from Red Hawk Casino.


MONEY QUOTE from the bill:

SEC. 3.  The amount of the revenue sharing payments made by the
Shingle Springs Band of Miwok Indians to the state pursuant to
Section 4.3.1 of the amended tribal-state gaming compact between the
tribe and the state ratified pursuant to Section 12012.53 of the
Government Code, during the period between July 1, 2012, and the date
the amended tribal-state gaming compact between the tribe and the
state ratified pursuant to Section 12012.58 of the Government Code
becomes effective, inclusive, is transferred from the General Fund to
the Shingle Springs Band of Miwok Indians Trust Fund, established
pursuant to Section 12012.585 of the Government Code, as an initial
deposit pursuant to the terms of the amended tribal-state gaming
compact ratified pursuant to Section 12012.58 of the Government Code
and any trust fund agreement executed by the state and the tribe
pursuant to that tribal-state gaming compact.
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