(II) "Eligible local governmental entity" means the following local governmental entities:
(III) "Fund" means the local government limited gaming impact fund created in this section.
(IV) "Negative impacts" means impacts that harm, damage, hurt, interfere with, or undermine the eligible local governmental entity, and include, but are not limited to:
(A) Increased infrastructure costs to service the licensed gaming establishment; for example, road repair and utilities;
(B) Increased service costs to service the licensed gaming establishment; for example, police services, fire services, and public transportation;
(C) Decreased number of new businesses and revenue in businesses cannibalized by gaming at a licensed gaming establishment; for example, charitable gaming through bingo or scratch tickets, horse racing and associated horse breeding and training, and a wide range of other possible entertainment industries;
(J) Increased socioeconomic inequality, as gambling tends to be regressive.
(V) "Property values" means the sum of the actual value of all property, including the actual value of all tax-exempt property, as of December 31 of the prior year.
Source: L. 2018: (1) amended, (SB 18-191), ch. 291, p. 1794, § 2, effective May 29; entire article added with relocations, (SB 18-034), ch. 14, p. 229, § 2, effective October 1. L. 2020: (1) and (4) amended, (HB 20-1399), ch. 214, p. 1032, § 2, effective June 30. L. 2021: (1), (2)(a), and (2)(b)(I) amended, (2)(c) and (3) repealed, and (5) added, (HB 21-1132), ch. 176, p. 960, § 1, effective May 24.