total budget for fiscal year 2003-2004, adjusted for
inflation in subsequent years by an amount not to exceed
an annual cost-of-living adjustment calculated by
applying the percentage change in the Consumer Price
Index immediately prior to the date the adjustment is due
to take effect. Any remaining moneys shall be [collected
by the department from each licensed gaming entity and]
distributed in accordance with paragraph (2) based upon
the classification of county where the licensed facility
is located. [In the event that the revenues generated by
the 2% do not meet the $10,000,000 minimum specified in
this subparagraph, the department shall collect the
remainder of the minimum amount of $10,000,000 from each
licensed gaming entity operating a facility in the city,
pay any balance due to the city and transfer any
remainder in accordance with paragraph (2).]
(iii) To a city of the third class hosting a
licensed facility, other than a Category 3 licensed
facility, [2% of the gross terminal revenue or]
$10,000,000 annually[, whichever is greater, shall be
paid by each licensed gaming entity operating a licensed
facility located in that city,] less any amount up to
$5,000,000 received pursuant to a written agreement with
a licensed gaming entity executed prior to the effective
date of this part, shall be distributed to the city,
subject, however, to the budgetary limitation in this
subparagraph. In the event that the city has a written
agreement with a licensed gaming entity executed prior to
the effective date of this part, the amount paid under
the agreement to the city shall be applied and credited
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