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Wednesday May 25, 2011 at 12:00 pm

Christopher Craig of the office of the Treasurer reads a prepared statement calling for the states 10 operating casinos to begin repaying $63.9 million in loans beginning July 1,2011 the loans were made from the Property Tax Relief Reserve Fund. The states fiscal code requires the PGCB to adopt a repayment plan by June 30,2011 but stipulates that at least 11 casinos must be fully operational, the PGCB awarded the 11th license to Nemacolin which is not expected to open until all pending appeals are final.

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