senate Bill S2901

Relates to resources of the New York state thoroughbred breeding and development fund

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 24 / Jan / 2013
    • REFERRED TO RACING, GAMING AND WAGERING
  • 07 / May / 2013
    • REPORTED AND COMMITTED TO FINANCE
  • 11 / Jun / 2013
    • REPORTED AND COMMITTED TO RULES
  • 18 / Jun / 2013
    • ORDERED TO THIRD READING CAL.1432
  • 18 / Jun / 2013
    • SUBSTITUTED BY A7156

Summary

Relates to resources of the New York state thoroughbred breeding and development fund.

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Bill Details

See Assembly Version of this Bill:
A7156
Versions:
S2901
Legislative Cycle:
2013-2014
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L
Versions Introduced in 2011-2012 Legislative Cycle:
S7390, A10514

Votes

11
0
11
Aye
0
Nay
0
aye with reservations
0
absent
0
excused
0
abstained
show Racing, Gaming and Wagering committee vote details

Sponsor Memo

BILL NUMBER:S2901

TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and
breeding law, in relation to resources of the New York state thorough-
bred breeding and development fund

PURPOSE: To amend § 254 of the Racing Pari-Mutuel Wagering and Breeding
Law ("Racing Law") to provide the New York State Thoroughbred Breeding
and Development Fund ("Fund") with greater discretion to allocate its
resources.

SUMMARY OF PROVISIONS:

Section one amends the Racing Law to clarify that existing purse enrich-
ment allocation percentages to tracks and incentives can be awarded to
NY Breds regardless of the type of race it has entered (open or
restricted).

Section two is the effective date.

EXISTING LAW: The existing purse enrichment provision provides that the
monies allocated to purse enrichment be divided in a 60/40 proportion
between the New York thoroughbred track operators.

JUSTIFICATION: The existing purse enrichment-related requirement that
specific allotments to NY Breds running in only restricted races
prevents the Fund from awarding a larger pool of NY Breds and further
incentives NY breeders and owners to enter open company races.

LEGISLATIVE HISTORY:

S.7390 of 2012, delivered to Senate, referred to rules

EFFECTIVE DATE: Immediately

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2901

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed  to be committed to the Committee on Racing, Gaming and Wager-
  ing

AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
  relation  to resources of the New York state thoroughbred breeding and
  development fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subparagraph (i) of paragraph d 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, is amended to read as follows:
  (i) An amount as shall be determined by the fund but not in excess  of
forty-four  percent  to provide purse moneys [for races] exclusively for
New York-breds ENTERED IN ALL RACES, the conditions of which  have  been
approved  by the fund.  Provided, however, that the fund shall set aside
forty percent of the funds allotted under  this  subdivision  to  tracks
operated  by  corporations licensed or franchised in accordance with the
provisions of section two hundred five or section  two  hundred  six  of
this  article  except  that in addition to the other amounts allotted by
the fund under this paragraph, seventy-five  percent  of  fund  revenues
derived  from  payments  received  in accordance with subdivision one of
section five hundred twenty-seven of  this  chapter  shall  be  allotted
exclusively  to  purses  at  a  track operated by a corporation licensed
under the provisions of section two hundred five of this article.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07500-01-3

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