First Regular Session of the 124th General Assembly (2025) PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type. Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution. Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2024 Regular Session of the General Assembly. HOUSE ENROLLED ACT No. 1448 AN ACT to amend the Indiana Code concerning gaming and to make an appropriation. Be it enacted by the General Assembly of the State of Indiana: SECTION 1. IC 4-33-13-5.3, AS AMENDED BY P.L.9-2024, SECTION 110, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 5.3. (a) This section applies to each of the first four (4) full state fiscal years beginning after a licensed owner begins gaming operations under IC 4-33-6-4.5. the state fiscal year beginning July 1, 2024. (b) As used in this section, "qualified city" refers to East Chicago, Hammond, or Michigan City. (c) The state comptroller shall determine the total amount of money paid by the state comptroller under section 5(a)(2) of this chapter to Gary, East Chicago, Hammond, and Michigan City during the state fiscal year ending on June 30, 2019. The amount determined under this subsection for each city is the city's base year revenue. The state comptroller shall certify the base year revenue determined under this subsection to each city. (d) Subject to subsection (g), A qualified city is entitled to eligible for a supplemental payment under this section if both of the following occur in a particular the state fiscal year: (1) The total amount payable to Gary under section 5(a)(2) of this chapter in the state fiscal year is greater than the base year revenue determined for Gary under subsection (c). HEA 1448 — Concur 2 (2) The amount payable to the qualified city under section 5(a)(2) of this chapter in the state fiscal year is less than the base year revenue determined for the qualified city under subsection (c). (e) Subject to subsection (g), The state comptroller shall deduct determine the lesser of the following: from the amount otherwise payable to Gary to make a supplemental payment to a qualified city entitled to a payment under subsection (d): (1) The difference between the base year revenue determined for the qualified city under subsection (c) and the amount payable to the qualified city under section 5(a)(2) of this chapter. (2) The difference between the amount payable to Gary under section 5(a)(2) of this chapter and the base year revenue determined for Gary under subsection (c). (f) Subject to subsection (g), the state comptroller shall supplement the amount payable to the qualified city under section 5(a)(2) of this chapter with a payment equal to the amount deducted under subsection (e) for the qualified city. (g) The state comptroller may not deduct from the amounts payable under section 5(a)(2) of this chapter to Gary in a particular state fiscal year an amount greater than the difference between the amount payable to Gary under section 5(a)(2) of this chapter and the base year revenue determined for Gary under subsection (c). If the total amount of the supplemental payments determined for qualified cities exceeds the amount that may be deducted under this section, the amount paid to each qualified city entitled to a supplemental payment must be determined under STEP FOUR the following formula: STEP ONE: Determine the difference between the qualified city's base year revenue and the amount payable to the qualified city under section 5(a)(2) of this chapter for the particular state fiscal year. STEP TWO: Determine the sum of the STEP ONE results for all qualified cities entitled to a supplemental payment in the particular state fiscal year. STEP THREE: Determine for each qualified city entitled to a supplemental payment in the particular state fiscal year the quotient of: (A) the STEP ONE result for the qualified city; divided by (B) the STEP TWO result. STEP FOUR: Determine for each qualified city entitled to a supplemental payment in the particular state fiscal year the product of: (A) the STEP THREE quotient; multiplied by HEA 1448 — Concur 3 (B) the maximum amount that may be deducted from the amounts payable under section 5(a)(2) of this chapter for Gary. (f) This section expires July 1, 2039. SECTION 2. IC 4-33-13-5.4 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 5.4. (a) This section applies to each state fiscal year beginning after June 30, 2026. (b) As used in this section, "qualified city" refers to East Chicago, Hammond, or Michigan City. (c) As used in this section, "supplemental payment statute" refers to IC 4-33-13-5.3, as in effect on January 1, 2025. (d) Subject to subsections (i) and (j), a qualified city is entitled to supplemental payments under this section for amounts not paid in state fiscal years 2022, 2023, 2024, and 2025 under the supplemental payment statute. The state comptroller shall determine the total amount of supplemental payments to which each qualified city is entitled as follows: (1) In the case of East Chicago, an amount equal to the sum of the following: (A) Six million four hundred seventy-four thousand two hundred seventy-four dollars ($6,474,274). (B) The amount, if any, for state fiscal year 2025 for which East Chicago is eligible under the supplemental payment statute. (2) In the case of Michigan City, an amount equal to the sum of the following: (A) Five million seven hundred fifty-two thousand one hundred twenty-five dollars ($5,752,125). (B) The amount, if any, for state fiscal year 2025 for which Michigan City is eligible under the supplemental payment statute. (3) In the case of Hammond, an amount equal to the amount, if any, for state fiscal year 2025 for which Hammond is eligible under the supplemental payment statute. (e) Subject to subsections (j) and (l), each month the state comptroller shall deduct an amount otherwise payable to Gary under section 5(a)(2) of this chapter, if any, for the purpose of this chapter, not to exceed a total of two million dollars ($2,000,000) for the state fiscal year. (f) Subject to subsections (i), (j), and (l), the state comptroller shall annually distribute supplemental payments to each qualified city, on a monthly basis, based on: HEA 1448 — Concur 4 (1) the amount deducted under subsection (e) in the preceding month; and (2) one-twelfth (1/12) of the amount appropriated from the state general fund under subsection (k). (g) Money for the supplemental payments is sourced from: (1) the total amount deducted under subsection (e) in the state fiscal year; plus (2) money appropriated by the general assembly for the state fiscal year for the purpose of making supplemental payments under this section. (h) The state comptroller shall make a supplemental payment in each state fiscal year to each qualified city in an amount determined under the last STEP of the following formula: STEP ONE: Divide the: (A) total amount determined under subsection (d) for the qualified city; by (B) aggregate amount of supplemental payments for all qualified cities determined under subsection (d). STEP TWO: Multiply the: (A) STEP ONE result; by (B) amount of money to be used for supplemental payments in the state fiscal year under subsections (f) and (g). (i) A qualified city may not receive a supplemental payment in excess of the amount determined under subsection (d) for the qualified city. (j) The total amount of supplemental payments made to qualified cities in all state fiscal years may not exceed the aggregate amount of supplemental payments determined under subsection (d). (k) There is appropriated from the state general fund to the gaming fund two million dollars ($2,000,000) in each state fiscal year beginning after June 30, 2026, which may only be used to make supplemental payments. Any amount not needed to make a supplemental payment in a state fiscal year reverts to the state general fund at the close of the state fiscal year and may not be used for any other purpose. (l) After the total amount of all supplemental payments to qualified cities determined in subsection (d) have been made under this chapter, the state comptroller shall continue, each month, to deduct an amount otherwise payable to Gary under section 5(a)(2) of this chapter as set forth in subsection (e) not to exceed a total of HEA 1448 — Concur 5 two million dollars ($2,000,000) for the state fiscal year for the purpose of repaying to the state the total amounts appropriated from the state general fund under subsection (k) and paid to qualified cites as supplemental payments under this chapter. The state comptroller shall cease the deductions under this subsection on the date that the total amounts appropriated from the state general fund under subsection (k) and paid to qualified cites have been repaid. (m) This section expires July 1, 2039. SECTION 3. An emergency is declared for this act. HEA 1448 — Concur Speaker of the House of Representatives President of the Senate President Pro Tempore Governor of the State of Indiana Date: Time: HEA 1448 — Concur