PCB COM 24-02 — An Act Relating to Fees (2024)
Summary
Proposed committee bill PCB COM 24-02 (2024), a bill to be entitled An act relating to fees. It creates section 546.151, Florida Statutes, headed Fees, under which an applicant for a fantasy sports contest operator license pays an initial application fee of $500,000 and a renewal applicant pays an annual fee of $250,000, subject to a stated percentage cap. Applicants and contest operators must provide written evidence of entry fees and cash or cash equivalents paid to participants. Fees collected by the commission go into the Pari-mutuel Wagering Trust Fund, and the act takes effect on the same date as PCB COM 24-01 or similar legislation.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“PCB COM 24-02 — An Act Relating to Fees (2024).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-3220-commerce-committee-proposed-committee-bills-pcbs-fn-pcb-com-e3505fc73e/
, SHA-256 20c7bbd79b7027fedb12e912fc9c93e11a294ad2de1bdb5b721dbce775b39fa9.Full text
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
PCB COM 24-02 2024
1 A bill to be entitled
2 An act relating to fees; creating s. 546.151, F.S.;
3 requiring applicants for a fantasy sports contest
4 operator license to pay a specified application fee;
5 requiring contest operators to pay a specified annual
6 license renewal fee; prohibiting such fees from
7 exceeding a specified amount; requiring applicants and
8 contest operators to provide certain written evidence;
9 requiring contest operators to remit certain fees;
10 specifying that the costs for certain fingerprint
11 processing and retention are borne by applicants;
12 authorizing the Florida Gaming Control Commission to
13 charge a specified handling fee related to fingerprint
14 processing; requiring that certain fees be deposited
15 into the Pari-mutuel Wagering Trust Fund; providing a
16 contingent effective date.
17
18 Be It Enacted by the Legislature of the State of Florida:
19
20 Section 1. Section 546.151, Florida Statutes, is created
21 to read:
22 546.151 Fees.—
23 (1) An applicant for a license as a fantasy sports contest
24 operator shall pay an initial license application fee of
25 $500,000 to the commission, and an applicant seeking to renew a
Page 1 of 3
CODING: Words stricken are deletions; words underlined are additions.
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
PCB COM 24-02 2024
26 fantasy sports contest operator license shall pay an annual
27 license renewal fee of $250,000 to the commission; however, the
28 respective fees may not exceed 10 percent of the difference
29 between the amount of entry fees collected by a contest operator
30 from the operation of fantasy sports contests in this state and
31 the amount of cash or cash equivalents paid to contest
32 participants in this state. The commission shall require a
33 contest operator applicant to provide written evidence of the
34 proposed amount of entry fees and cash or cash equivalents to be
35 paid to contest participants during the annual license period.
36 Before a license renewal, a contest operator must provide
37 written evidence to the commission of the actual entry fees
38 collected and cash or cash equivalents paid to contest
39 participants during the previous period of licensure. Before a
40 license renewal, a contest operator must remit to the commission
41 any difference in a license fee which results from the
42 difference between the proposed amount of entry fees and cash or
43 cash equivalents paid to contest participants and the actual
44 amounts collected and paid during the previous period of
45 licensure.
46 (2) Fees for state and federal fingerprint processing and
47 retention shall be borne by an applicant for a contest operator
48 license. The state cost for fingerprint processing shall be as
49 provided in s. 943.053(3)(e) for records provided to persons or
50 entities other than those specified as exceptions therein.
Page 2 of 3
CODING: Words stricken are deletions; words underlined are additions.
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
PCB COM 24-02 2024
51 (3) The commission also may charge a $2 handling fee for
52 each set of fingerprints submitted for a contest operator
53 license.
54 (4) All fees collected by the commission under this
55 section shall be deposited into the Pari-mutuel Wagering Trust
56 Fund.
57 Section 2. This act shall take effect on the same date
58 that PCB COM 24-01 or similar legislation takes effect, if such
59 legislation is adopted in the same legislative session or an
60 extension thereof and becomes a law.
Page 3 of 3
CODING: Words stricken are deletions; words underlined are additions.
File and source
- File
- 2024_3220_commerce-committee_proposed-committee-bills-pcbs_fn-pcb-com-24-02.pdf
- Size
- 98,446 bytes
- SHA-256
- 20c7bbd79b7027fedb12e912fc9c93e11a294ad2de1bdb5b721dbce775b39fa9
- Original
- No public link identified.