S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
January 18, 2011
Introduced by Sen. BONACIC -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance -- recommitted to
the Committee on Finance in accordance with Senate Rule 6, sec. 8 --
committee discharged, bill amended, ordered reprinted as amended and
recommitted to said committee
AN ACT to amend the state finance law, in relation to permitted uses for
state aid to municipalities in which a video lottery gaming facility
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision 3 of section 54-l of the state finance law, as
added by section 1 of part J of chapter 57 of the laws of 2011, is
amended to read as follows:
3. a. State aid payments made to an eligible city pursuant to para-
graph a of subdivision two of this section shall be used to increase
support for public schools in such city.
b. State aid payments made to an eligible municipality pursuant to
paragraph b of subdivision two of this section shall be used by such
eligible municipality to: (i) defray local costs associated with a video
lottery gaming facility[, or]; (ii) minimize or reduce real property
taxes; OR (III) FUND HIGHWAY REPAIRS AND TRANSPORTATION IMPROVEMENTS.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.