S T A T E O F N E W Y O R K
I N S E N A T E
April 23, 2010
Introduced by Sen. ADAMS -- read twice and ordered printed, and when
printed to be committed to the Committee on Racing, Gaming and Wager-
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to the New York state thoroughbred breeding and development
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph a of subdivision 1 and paragraphs a, e and f of
subdivision 2 of section 254 of the racing, pari-mutuel wagering and
breeding law, as amended by chapter 18 of the laws of 2008, are amended
to read as follows:
a. The fund is authorized and directed to collect and receive ON A
QUARTERLY BASIS in each calendar year from any racing corporation or
regional off-track betting corporations from on-track wagers or off-
track wagers, as the case may be, the sum of one-half of one percent of
regular, multiple and exotic wagers, and three percent of super exotic
wagers and to deposit such moneys in a bank or banks in this state.
a. An amount as shall be determined by the fund, but not in excess of
forty-three percent as awards to breeders of New York-breds finishing
first, second, third and fourth in pari-mutuel races run in New York
state; except that during any calendar year when the total percentage of
breeder awards exceeds forty-three percent of total revenue, the fund,
by a two-thirds vote of its board, may increase the percentage of reven-
ue allotted to breeder awards, but in no event shall the allotment
exceed [fifty] SIXTY-FIVE percent of total revenue.
e. An amount as shall be determined by the fund but not in excess of
[five] SIX percent to advance and promote breeding and raising of
thoroughbreds in this state by the publication and dissemination of
information relating thereto, and the encouragement of interest, includ-
ing among youth, in the breeding and raising of New York-breds, and to
advance and promote interest generally in agricultural pursuits.
f. An amount as shall be determined by the fund but not in excess of
[four] FIVE percent for the administration and management of the fund.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.