# Mich. Comp. Laws § 432.204b: Appropriation; reimbursement; credit against annual assessment

> Michigan · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204b

## Section

- **Citation:** Mich. Comp. Laws § 432.204b
- **Heading:** Appropriation; reimbursement; credit against annual assessment
- **Jurisdiction:** Michigan
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MI Code / Chapter 432 / Act Initiated-Law-1-of-1996 / Section 432.204b

## Text

Sec. 4b.

There is appropriated for the fiscal year ending September 30, 1997, $5,000,000.00 for the purpose of funding the operations of the board. The $5,000,000.00 appropriation shall be reimbursed in equal shares by each of the 3 casino licensees licensed under this act. In no event shall the casino's share exceed 1/3 of the total amount required under this subsection. The amount owing from each licensee shall be paid to the state treasurer and deposited into the state casino gaming fund no later than the first day on which each casino opens for operation.

The amount a casino licensee reimburses the state under this section shall be credited against the annual assessment made under section 12a.

History: Add. 1997, Act 69, Imd. Eff. July 17, 1997

## Nearby sections

- [Mich. Comp. Laws § 432.201 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.201.md)
- [Mich. Comp. Laws § 432.202 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.202.md)
- [Mich. Comp. Laws § 432.203 Casino gaming authorized.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.203.md)
- [Mich. Comp. Laws § 432.204 Michigan gaming control board; creation; membership; duties.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204.md)
- [Mich. Comp. Laws § 432.204a Michigan gaming control board; jurisdiction; powers.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204a.md)
- [Mich. Comp. Laws § 432.204b Appropriation; reimbursement; credit against annual assessment.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204b.md)
- [Mich. Comp. Laws § 432.204c Disclosure of information.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204c.md)
- [Mich. Comp. Laws § 432.204d Member, employee, or agent of board; conduct generally.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204d.md)
- [Mich. Comp. Laws § 432.205 Application for casino license.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.205.md)
- [Mich. Comp. Laws § 432.206 Issuance of casino licenses; eligibility; limitations.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.206.md)
- [Mich. Comp. Laws § 432.206a Application deficiency.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.206a.md)
- [Mich. Comp. Laws § 432.206b Operation of occupational license training school.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.206b.md)
- [Mich. Comp. Laws § 432.206c Institutional investor.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.206c.md)
- [Mich. Comp. Laws § 432.207a Supplier's license.](https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.207a.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MI_C432_AInitiated-Law-1-of-1996_S432.204b. Check the current official text before relying on it. Not legal advice.