Senate Bill No. 1213 Public Act No. 23-179 AN ACT CONCERNING THE MASHANTUCKET PEQUOT AND MOHEGAN FUND. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. Section 3-55i of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2023): (a) (1) There is established the "Mashantucket Pequot and Mohegan Fund" which shall be a separate nonlapsing fund. All funds received by the state of Connecticut from the Mashantucket Pequot Tribe pursuant to the joint memorandum of understanding entered into by and between the state and the tribe on January 13, 1993, as amended on April 30, 1993, and any successor thereto, shall be deposited in the General Fund. [During the fiscal year] (2) For the fiscal years ending June 30, 2015, [and each fiscal year thereafter] to June 30, 2025, inclusive, from the funds received by the state from the tribe pursuant to said joint memorandum of understanding, as amended, and any successor thereto, an amount equal to the appropriation to the Mashantucket Pequot and Mohegan Fund for Grants to Towns shall be transferred to the Mashantucket Pequot and Mohegan Fund. [and shall be distributed by the Office of Policy and Management, during said fiscal year, in accordance with the Senate Bill No. 1213 Public Act No. 23-179 2 of 3 provisions of section 3-55j] For the fiscal year ending June 30, 2026, and each fiscal year thereafter, one hundred thirty-nine million three hundred eighty thousand dollars of the funds deposited in the General Fund pursuant to subdivision (1) of this subsection or received by the state pursuant to the memorandum of understanding entered into by and between the state and the Mohegan Tribe of Indians of Connecticut on May 17, 1994, as amended from time to time, shall be transferred from the General Fund to the Mashantucket Pequot and Mohegan Fund. During each fiscal year, the Office of Policy and Management shall make distributions of any funds transferred to the Mashantucket Pequot and Mohegan Fund pursuant to this section in accordance with the provisions of section 3-55j. The amount of the grant payable to each municipality during any fiscal year, in accordance with [said] section 3- 55j, shall be reduced proportionately if the total of such grants exceeds the amount of funds available for such year. The grant shall be paid in three installments as follows: The Secretary of the Office of Policy and Management shall, annually, not later than the fifteenth day of December, the fifteenth day of March and the fifteenth day of June certify to the Comptroller the amount due each municipality under the provisions of section 3-55j and the Comptroller shall draw an order on the Treasurer on or before the fifth business day following the fifteenth day of December, the fifth business day following the fifteenth day of March and the fifth business day following the fifteenth day of June and the Treasurer shall pay the amount thereof to such municipality on or before the first day of January, the first day of April and the thirtieth day of June. (b) The transfers from the General Fund to the Mashantucket Pequot and Mohegan Fund required by subsection (a) of this section shall not be reduced except upon (1) submission to the General Assembly by the Governor of a certification of an emergency requiring such reduction; and (2) a vote of at least two-thirds of the members of each house of the General Assembly approving such reduction. Senate Bill No. 1213 Public Act No. 23-179 3 of 3 (c) The moneys available in the Mashantucket Pequot and Mohegan Fund shall be paid to municipalities as specified in the general statutes and biennial budget approved by the General Assembly.