(A) The county will set aside, for purposes of distribution pursuant to this section, 25% of the net amount of Gaming Admission Tax Revenues received by the county.
(B) The Shared Gaming Admission Tax Revenues shall be distributed under the terms of one or more revenue sharing agreements to be entered pursuant to I.C. § 4-33-12-6 by the county and those county cities and towns that wish to participate in receiving a portion of the Shared Gaming Admission Tax Revenues (the “Agreement(s)”).
(C) The Shared Gaming Admission Tax Revenues shall be distributed in percentages as follows:
Greendale 39%
Aurora 36%
Dillsboro 13%
Moores Hill 6%
St. Leon 4%
West Harrison 2%
(D) The share allocated to the Dearborn County Cities and Towns shall be adjusted when the results of the 2000 census are promulgated by the United States Government Census Bureau at a rate equal to the percentage of its population to the total population of Dearborn County. New cities and towns created within the county shall be permitted to participate upon their establishment or incorporation, and execution of a revenue sharing agreement. Population for distribution to new cities and towns shall be determined by agreement among participating county cities and towns.
(E) The share allocated to any of the county cities and towns who elect not to receive a portion of the Shared Gaming Admission Tax Revenues shall be retained by the county.
(CC Res. 7-1997, passed 11-25-97; Am. CC Res. 4-2003, passed 9-9-03)