TROTTER. 230 ILCS 10/2 from Ch. 120, par. 2402 230 ILCS 10/3 from Ch. 120, par. 2403 230 ILCS 10/6 from Ch. 120, par. 2406 230 ILCS 10/7 from Ch. 120, par. 2407 230 ILCS 10/11 from Ch. 120, par. 2411 230 ILCS 10/13 from Ch. 120, par. 2413 230 ILCS 10/11.2 rep. 230 ILCS 5/54 rep. Amends the Riverboat Gambling Act. Permits riverboat gambling on Lake Michigan. Provides that each owners license awarded under the Act (including current owners licenses when they expire) shall be awarded to the applicant who: (i) has been determined to be a suitable applicant and (ii) has bid the highest percentage of adjusted gross receipts to be paid into the State Gaming Fund during the period of the license. Prohibits collusive bidding practices. Provides that at least 3 licenses shall authorize riverboat gambling in Cook County, at least 3 licenses shall authorize riverboat gambling in the collar counties, and that at least 3 licenses shall authorize riverboat gambling in the remainder of the State. Further provides that, except in Cook County, no more than 2 licenses shall authorize riverboat gambling in the same county. Licenses awarded under the above process are valid for 10 years. When a license expires, competitive bidding for the license shall again be held. Requires license holders to pay the State Police for investigations authorized by the Act. Repeals current provisions authorizing riverboat relocation. Amends the Illinois Horse Racing Act of 1975. Repeals the Section creating the Horse Racing Equity Fund. Effective immediately. FEB-07-2002 S FIRST READING FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary