Amendment No. 2 to Tribal/State Compact for Regulation of Class III Gaming between State of Mississippi and Mississippi Band of Choctaw Indians

Summary

This amendment updates the agreement between the State of Mississippi and the Mississippi Band of Choctaw Indians regarding the regulation of Class III gaming on the Tribe's reservation. The amendment specifically changes the rules for distributing gaming revenues, allowing per capita payments to individual tribal members up to $1,000 per year, subject to approval by the Tribal Council and, if required, the Bureau of Indian Affairs. The amendment is signed by representatives of the State, the Tribe, and the U.S. Department of the Interior.

EX-10.3 15 a2052158zex-10_3.txt EXHIBIT 10.3 Exhibit 10.3 TRIBAL/STATE COMPACT FOR REGULATION OF CLASS III GAMING ON THE MISSISSIPPI BAND OF CHOCTAW INDIAN RESERVATION IN MISSISSIPPI AMENDMENT NO. 2 WHEREAS, the State of Mississippi and the Mississippi Band of Choctaw Indians have entered into a Compact to govern the conduct of gaming on the Tribe's reservation as prescribed by the Indian Gaming Regulatory Act, Public Law 100-497, 102 Stat. 2467, 25 USC Sections 2701 to 2721, on December 4, 1992, and WHEREAS, the Compact allows for "request for renegotiations" at SECTION 16 AMENDMENTS, and WHEREAS, the Tribal Council acting through the Tribal Chief has requested an amendment to SECTION 7.6(2) of the Compact due to changing conditions of the tribal economy. Gaming revenues have proven to be sufficient to meet the business needs of the casino and are currently being used to fund many essential governmental functions of the Tribe, thereforth be it RESOLVED that the Governor of the State of Mississippi and the Tribal Chief do hereby enter into the following Amendment of the TRIBAL/STATE COMPACT. The requested amendment to this Section removes the restrictions placed on Class III Net Revenues by including the following substituted language: Section 7.6(2) CLASS III NET REVENUES Per capita payments may be made to individual tribal members in an amount not to exceed one thousand and no/100 ($1,000.00) per year by the authority of, and in accordance with, an ordinance and regulations duly adopted by the Tribal Council, and with a Revenue Allocation Plan approved by the Bureau of Indian Affairs, U.S. Department of Interior, if required or the equivalent thereof. STATE OF MISSISSIPPI MISSISSIPPI BAND OF CHOCTAW INDIANS /s/ Kirk Fordice /s/ Phillip Martin - ----------------------------------- ----------------------------------- KIRK FORDICE, GOVERNOR PHILLIP MARTIN, CHIEF DATE: 5/24/96 DATE: 5/17/96 ------- ------- AMENDMENT NO 2 TRIBAL/STATE COMPACT BETWEEN STATE OF MISSISSIPPI MISSISSIPPI BAND OF CHOCTAW INDIANS U.S. DEPARTMENT OF INTERIOR PAGE 2. /s/ Frank Steve ---------------------------------------- FRANK STEVE, SECRETARY-TREASURER DATE: 5/22/96 -------- BUREAU OF INDIAN AFFAIRS - ---------------------------- SECRETARY OF INTERIOR DATE: ----