Under IC 4-22-2-24, notice is hereby given that on March 19, 2008, at 1:00 p.m., at the Indiana Gaming Commission, 101 West Washington Street, Suite 1600-East Tower, Indianapolis, Indiana, the Indiana Gaming Commission will hold a public hearing on proposed new rules regarding the conduct of charity gaming related activities by qualified organizations.

The Indiana Gaming Commission has the authority to promulgate rules in accordance with the requirements of IC 4-32.2. The proposed rule amends 68 IAC 21 concerning the conduct of charity gaming activities by qualified organizations licensed by the Indiana Gaming Commission. The proposed rule amends provisions regarding filing of financial reports, increases the length of time a qualified organization must retain certain records, creates a new allowable event, and sets deadlines for submission of certain forms to the Commission. The proposed rule also designates the first license of a particular type obtained by a qualified organization, which has refrained from conducting that type of event for a period of five years, as an initial license. In addition, the rule makes several administrative, ministerial, and technical changes, including, but not limited to, word corrections and removal of provisions contradicting newly effective charity gaming statutes.

The proposed rule will reduce the cost on regulated entities by decreasing the frequency of reporting of financial information required by IC 4-32.2. The decrease in reporting requirements will allow the Indiana Gaming Commission to conduct a more thorough analysis of financial reports, which will assist the Commission in identifying fraud, money laundering, and underreporting of income. The proposed rule will reduce the costs on regulated entities by designating the first license of a particular type obtained by a qualified organization that has refrained from conducting that type of event for a period of five years as an initial license. This will reduce costs by requiring those organizations to pay a $50 initial license fee instead of the renewal license fee established in IC 4-32.2-6-3. Finally, the proposed rule will increase the cost on regulated entities by extending the time period for which qualified organizations must retain records from four years to five. The increase in record retention requirements will allow the Commission access to records required to determine if the organization continues to be qualified as defined in IC 4-32.2-2-24. The Commission has not relied on any data, studies, or analyses in determining the imposition of requirement or costs.

Copies of these rules are now on file at the Indiana Gaming Commission, 101 West Washington Street, Suite 1600-East Tower and Legislative Services Agency, One North Capitol, Suite 325, Indianapolis, Indiana and are open for public inspection.