senate Bill S7019

Signed by Governor

Extends certain provisions relating to 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 by Governor
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actions

  • 16 / Apr / 2014
    • REFERRED TO RACING, GAMING AND WAGERING
  • 13 / May / 2014
    • 1ST REPORT CAL.614
  • 14 / May / 2014
    • 2ND REPORT CAL.
  • 19 / May / 2014
    • ADVANCED TO THIRD READING
  • 28 / May / 2014
    • PASSED SENATE
  • 28 / May / 2014
    • DELIVERED TO ASSEMBLY
  • 28 / May / 2014
    • REFERRED TO WAYS AND MEANS
  • 09 / Jun / 2014
    • SUBSTITUTED FOR A9410
  • 09 / Jun / 2014
    • ORDERED TO THIRD READING CAL.858
  • 09 / Jun / 2014
    • PASSED ASSEMBLY
  • 09 / Jun / 2014
    • RETURNED TO SENATE
  • 11 / Jul / 2014
    • DELIVERED TO GOVERNOR
  • 22 / Jul / 2014
    • SIGNED CHAP.168

Summary

Relates to extending the provisions relating to the New York state thoroughbred breeding and development fund until four years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.

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Bill Details

See Assembly Version of this Bill:
A9410
Versions:
S7019
Legislative Cycle:
2013-2014
Law Section:
Racing
Laws Affected:
Amd ยง2, Chap 473 of 2010

Sponsor Memo

BILL NUMBER:S7019

TITLE OF BILL: An act to amend chapter 473 of the laws of 2010
amending the racing, pari-mutuel wagering and breeding law relating to
the New York state thoroughbred breeding and development fund, in
relation to the effectiveness thereof

PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this legislation is to provide continued revenue to the
New York State Thoroughbred Breeding and Development Fund.

SUMMARY OF SPECIFIC PROVISIONS:

This bill would amend Chapter 473 of the laws of 2010 amending the
racing, pari-mutuel wagering and breeding law relating to the New York
state thoroughbred breeding and development fund. This section of law
is scheduled to sunset on October 28, 2014. Specifically, the
following provisions would be extended for an additional year:

*require payments to be made to the fund on a quarterly basis;

*the percentage of revenue that can be allotted to breeder awards
would be maintained at sixty-five percent (65%);

*amount of money used for promoting the breeding and raising of
thoroughbred horses would be increased by one percent to an amount up
to six percent (6%); and

*administrative allotments from the fund would be increased from four
percent (4%) up to five percent (5%).

JUSTIFICATION:

The New York State Thoroughbred Breeding and Development Fund,
established in 1973, has helped shape the New York State thoroughbred
industry, making it the benchmark of thoroughbred programs around the
world. For over two decades, the Fund has worked to make thoroughbred
breeding and racing a vital force in New York State's economy,
utilizing its rich racing tradition, vast agricultural resources, and
thriving tourism industry. The Fund is a public benefit corporation
that oversees the registration process for foals and stallions, and
distributes incentive awards to breeders, owners and stallion owners.
The incentives provided by the Fund are financed from within the
racing industry, using a small percentage of the total monies wagered
through the pari-mutuel system on thoroughbred racing in New York
State.

Thoroughbred Breeders use this funding to invest back into breeding,
thereby keeping that money in the local economy and creating more
jobs, and strengthening the horse racing industry in New York.

The New York Racing and Breeding Program has evolved significantly
since 1973. The goals set out for the Fund have been well
accomplished, especially in the last decade. However, the industry has
seen significant declines in handle year after year. With that, the
Fund's revenue has rapidly fallen each year placing a burden on the


ability to pay awards to participants at advertised rates within the
statutory cap as the Breeding Program has grown. Initially enacted as
Chapter 473 of the Laws of 2010, this proposal provided some
flexibility to the Thoroughbred Breeding and Development Fund. This
law was slated to expire upon the commencement of the operation of a
video lottery facility at Aqueduct racetrack, which began operations
on October 28, 2011. Chapter 175 of the Laws of 2011, Chapter 423 of
the Laws of 2012 and Chapter 120 of the Laws of 2013 extended that
sunset by one year. This proposal would extend those provisions for an
additional year and provide the Board of Directors of the Thoroughbred
Breeding Fund the ability to allot Fund revenue based on the current
state of the Thoroughbred industry. Additionally, this proposal is
strictly a housekeeping modification that has no financial impact on
any other organization or segment of the industry.

PRIOR LEGISLATIVE HISTORY:

2013: Similar to Chapter 120 of the Laws of 2013 (A.6939/S.4750).
2012: Similar to Chapter 423 of the Laws of 2012 (A.10295/S.7050).
2011: Similar to Chapter 175 of the Laws of 2011 (A.7852-A/S.3949-B).
2010: Similar to Chapter 473 of the Laws of 2010 (A.11130-A/S.7578-A).

FISCAL IMPLICATIONS:

None.

EFFECTIVE DATE:

This act shall take effect immediately.

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

                                  7019

                            I N  S E N A T E

                             April 16, 2014
                               ___________

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

AN  ACT  to  amend  chapter 473 of the laws of 2010 amending the racing,
  pari-mutuel wagering and breeding law relating to the New  York  state
  thoroughbred  breeding and development fund, in relation to the effec-
  tiveness thereof

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

  Section  1.  Section 2 of chapter 473 of the laws of 2010 amending the
racing, pari-mutuel wagering and breeding law relating to the  New  York
state  thoroughbred breeding and development fund, as amended by chapter
120 of the laws of 2013, is amended to read as follows:
  S 2. This act shall take effect immediately,  provided,  however  that
this  act  shall  expire and be deemed repealed [three] FOUR years after
the commencement of the operation of a video lottery facility  at  Aque-
duct  racetrack; provided that the chair of the New York state thorough-
bred breeding and development fund shall  notify  the  legislative  bill
drafting commission upon the occurrence of the commencement of the oper-
ation  of  a  video lottery facility at Aqueduct racetrack in order that
the commission may maintain an accurate and timely effective  data  base
of the official text of the laws of the state of New York in furtherance
of  effectuating the provisions of section 44 of the legislative law and
section 70-b of the public officers law; provided further,  that  effec-
tive  immediately  the addition, amendment and/or repeal of any rules or
regulations necessary for the implementation of this act on  its  effec-
tive  date  are  authorized  and directed to be made and completed on or
before such date.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14691-01-4

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