§ 1001.3. Definitions.
The following words and terms, when used in this chapter, have the following meanings, unless the context clearly indicates otherwise.
Act—The Pennsylvania Race Horse Development and Gaming Act (4 Pa.C.S. § § 1101—1904).
Annual minimum distribution—As provided under the act, 2% of the gross terminal revenue of the licensed gaming entity or $10 million, whichever is greater.
Banking day—The part of any day that the Federal Reserve has established for a bank to be opened to the public for carrying on substantially all of its banking functions.
Board—The Pennsylvania Gaming Control Board of the Commonwealth.
CCS—The central control computer system controlled by the Department and accessible by the Board, to which all slot machines communicate for the purpose of recording, reviewing, reporting and auditing real-time information regarding the events that occur during the operation of a slot machine. The system calculates the taxes and assessments due daily and provides information to the Department to track daily deposits.
Certificate holder—As defined in section 1103 of the act (relating to definitions).
Collection Account—A Department bank account authorized by the Treasury for the collection of taxes and other payments received from licensed gaming entities and which is maintained and reconciled by the Department.
Concentration Account—A Treasury bank account used for the deposit and disbursement of all recognized Commonwealth moneys and which is maintained and reconciled by the Treasury Department.
Credit against tax—Credit as specified in section 1209(c) of the act (relating to slot machine license fee) and established if the tax rate imposed by section 1403 of the act (relating to establishment of State Gaming Fund and net slot machine revenue distribution) upon slot machine daily gross terminal revenue is increased at any time during the term of 10 years following the initial issuance of the slot machine license.
Department—The Department of Revenue of the Commonwealth.
EFT—Electronic funds transfer.
Fund—A fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances and the changes therein, that are segregated for the purpose of carrying on specific activities or attaining certain objectives established for the receipt of gross terminal revenue distributions and gross table game revenue under the act.
General Fund—The fund into which general, nonearmarked revenues of the Commonwealth are deposited and from which monies are appropriated to pay the general expenses of the Commonwealth.
Gross table game revenue—As defined in section 1103 of the act.
Gross terminal revenue—As defined in section 1103 of the act.
Licensed gaming entity—As defined in section 1103 of the act.
Manufacturers—As defined in section 1103 of the act.
Office of the Budget—An administrative agency as authorized by section 609 of The Administrative Code of 1929 (71 P. S. § 229) under the direct supervision of the Secretary of the Budget.
Pennsylvania Gaming Economic Development and Tourism Fund—The fund established under section 1407 of the act (relating to Pennsylvania Gaming Economic Development and Tourism Fund).
Pennsylvania Race Horse Development Fund—The fund established under section 1405 of the act (relating to Pennsylvania Race Horse Development Fund).
Property Tax Relief Fund—The fund established under section 1409 of the act (relating to Property Tax Relief Fund).
Race Horse Improvement Daily Assessment—The amount each operating licensed gaming entity shall pay daily to the Department, according to Department calculations.
State Gaming Fund—The fund established under section 1403 of the act.
Suppliers—As defined in section 1103 of the act.
Treasury—The Treasury Department of the Commonwealth.
Source The provisions of this § 1001.3 amended December 31, 2010, effective January 1, 2011, 41 Pa.B. 41. Immediately preceding text appears at serial pages (328798) to (328799).
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