A bill to provide that certain gaming contracts shall remain in effect, notwithstanding filing for bankruptcy, and for other purposes.

[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1450 Introduced in Senate (IS)]

104th CONGRESS
  1st Session
                                S. 1450

   To provide that certain gaming contracts shall remain in effect,
     notwithstanding filing for bankruptcy, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                            December 6, 1995

  Mr. Breaux introduced the following bill; which was read twice and
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL

   To provide that certain gaming contracts shall remain in effect,
     notwithstanding filing for bankruptcy, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. CERTAIN CONTRACTS REMAINING IN EFFECT NOTWITHSTANDING
              BANKRUPTCY FILING.

    (a) In General.--Notwithstanding any provision of chapter 11 of
title 11, United States Code, or any reorganization plan resulting from
a bankruptcy filing described under subsection (b), any contract
described under subsection (c) shall not be affected by such filing or
such reorganization plan, unless agreed to by the parties to the
contract.
    (b) Bankruptcy Filing.--A bankruptcy filing referred to under
subsection (a) is the bankruptcy filed in the Federal bankruptcy court
by any gaming corporation on or after November 1, 1995.
    (c) Contracts Unaffected.--The contracts referred to in subsection
(a) are any contracts between--
            (1) a gaming corporation and the city in which the gaming
        corporation is operating or has operated, or any public benefit
        corporation incorporated by the city for purposes of
        contracting with a gaming corporation;
            (2) a gaming corporation and the county or parish in which
        the gaming corporation is operating or has operated; and
            (3) a gaming corporation and the State in which the gaming
        corporation is operating or has operated.
    (d) Definition.--As used in this Act, the term ``gaming
corporation'' means any common gaming or gambling establishment
operated for the purpose of gaming or gambling, including accepting,
recording, or registering bets, or playing any game of chance, for
money.
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