effective date of this paragraph, the first $5,000,000
shall be distributed annually to a school district of the
first class. Of the remaining funds, 60% shall be
distributed to the county and city of the first class
which is coterminous and 40% shall be [deposited into a
restricted receipts account established in the Department
of Community and Economic Development to be used
exclusively for grants for economic development projects,
neighborhood revitalization projects, community
improvement projects and other projects in the public
interest within the county and city of the first class
which is coterminous.] distributed to a public
transportation authority in the city of the first class
to be used exclusively for public transportation projects
in the city of the first class.
(ii) If a licensed facility is a Category 1 or
Category 2 licensed facility and begins operating in a
county and city of the first class which is coterminous
after the effective date of this paragraph, [70% of the
slot machine license operation fee shall be distributed
to the county and city of the first class which is
coterminous and 30% of the slot machine license operation
fee shall be deposited into a restricted receipts account
established in the Department of Community and Economic
Development to be used exclusively for grants for
economic development projects, neighborhood
revitalization projects, community improvement projects
and other projects in the public interest within the
county and city of the first class which is coterminous.]
$10,000,000 shall be distributed annually to a public
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