00                   SENATE CS FOR HOUSE BILL NO. 232(FIN)                                                                
01 "An Act relating to contests of skill under the charitable gaming laws; relating to                                     
02 mercury classics; and providing for an effective date."                                                                 
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 05.15.180(g) is amended to read:                                                                  
05            (g)  A municipality or a qualified organization may award a maximum of                                       
06       $1,000,000 in prizes each year in activities authorized under this chapter; however, if a                         
07       municipality or a qualified organization contracts with an operator to conduct on its                             
08       behalf activities authorized under this chapter, the municipality or qualified                                    
09       organization may award a maximum of $500,000 in prizes each year.  A municipality                             
10       or a qualified organization that conducts a contest of skill and awards more than                             
11       $500,000 in prizes to the participants in that contest of skill, may exclude                                  
12       $500,000 in prizes awarded to those participants from the $1,000,000 maximum                                  
13       allowed in this subsection.  The holders of a multiple-beneficiary permit under                               
14       AS 05.15.100(d) may award a maximum in prizes each year of $1,000,000 times the                                   

01       number of holders of the permit for activities authorized under this chapter.  In this                            
02       subsection "activities authorized under this chapter" means all activities subject to this                        
03       chapter other than bingo.                                                                                         
04    * Sec. 2.  AS 05.15.690(27) is amended to read:                                                                    
05                 (27)  "mercury classic" means a game of chance where a prize of                                         
06       money is awarded for the closest guess of the time the temperature reaches a certain                              
07       degree and is limited to the                                                                                      
08                      (A)  Homer Mercury Classic operated and administered by                                        
09            the Boys and Girls Club of the Kenai Peninsula; and                                                      
10                      (B)  mercury classic operated and administered by the Greater                                  
11            Fairbanks Chamber of Commerce or jointly, in the discretion of the Greater                                   
12            Fairbanks Chamber of Commerce, by the Greater Fairbanks Chamber of                                           
13            Commerce and the Fairbanks Convention and Visitors' Bureau;                                                  
14    * Sec. 3.  This Act takes effect January 1, 2004.