IC 4-35-5-3: Initial license fee

Sec. 3. (a) A permit holder that is issued a gambling game license under this article must pay to the commission an initial licensing fee of two hundred fifty million dollars ($250,000,000) as follows:

(1) One hundred fifty million dollars ($150,000,000) payable before November 1, 2007.

(2) One hundred million dollars ($100,000,000) payable before November 1, 2008.

(b) The commission shall deposit any initial licensing fees collected under this section into the state general fund.