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Assembly Bill A5403

2009-2010 Legislative Session

Increases state aid payments to cities with video lottery gaming facilities

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2009-A5403 - Details

See Senate Version of this Bill:
S1869
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §54-l, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
A2345, S538

2009-A5403 - Summary

Increases state aid payments to cities with video lottery gaming facilities.

2009-A5403 - Bill Text download pdf 

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

                                  5403

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by M. of A. SPANO, BROOK-KRASNY -- read once and referred to
  the Committee on Ways and Means

AN ACT to amend the state finance law, in relation  to  eliminating  the
  limit  on  the  amount an eligible city may receive from estimated net
  machine income generated by 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.  Paragraph a of subdivision 2 of section 54-l of the state
finance law, as amended by section 1 of part R of chapter 57 of the laws
of 2007, is amended to read as follows:
  a. An eligible city shall receive a state aid payment equal  to  three
and  one-half percent of the "estimated net machine income" generated by
a video lottery gaming facility located in  such  eligible  city.  [Such
state  aid  payment shall not exceed twenty million dollars per eligible
city.]
  S 2. This act shall take effect April 1, 2009; provided that  if  this
act  shall  not  have become a law on or before April 1, 2009, then this
act shall take effect immediately and shall be deemed to  have  been  in
full force and effect on and after April 1, 2009.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05257-01-9

2009-A5403A (ACTIVE) - Details

See Senate Version of this Bill:
S1869
Current Committee:
Assembly Ways And Means
Law Section:
State Finance Law
Laws Affected:
Amd §54-l, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
A2345, S538

2009-A5403A (ACTIVE) - Summary

Increases state aid payments to cities with video lottery gaming facilities.

2009-A5403A (ACTIVE) - Sponsor Memo

2009-A5403A (ACTIVE) - Bill Text download pdf 

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

                                 5403--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 13, 2009
                               ___________

Introduced  by M. of A. SPANO, BROOK-KRASNY -- read once and referred to
  the Committee on Ways and Means -- recommitted  to  the  Committee  on
  Ways and Means in accordance with Assembly Rule 3, sec. 2 -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the state finance law, in relation to increasing the
  state aid an eligible city may  receive  from  estimated  net  machine
  income generated by 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. Paragraph a of subdivision 2 of section 54-l of  the  state
finance  law,  as  amended  by section 1 of part KK of chapter 56 of the
laws of 2009, is amended to read as follows:
  a. An eligible city shall receive: (i)  for  the  state  fiscal  years
commencing April first, two thousand seven and April first, two thousand
eight,  a  state  aid payment equal to three and one-half percent of the
"estimated net machine income"  generated  by  a  video  lottery  gaming
facility located in such eligible city. Such state aid payment shall not
exceed  twenty  million  dollars  per  eligible city; [and] (ii) for the
state fiscal year commencing April first, two  thousand  nine  [and  for
each  state  fiscal  year  thereafter], an amount equal to the state aid
payment received in the state fiscal year commencing  April  first,  two
thousand  eight;  AND  (III)  FOR THE STATE FISCAL YEAR COMMENCING APRIL
FIRST, TWO THOUSAND TEN AND FOR EACH STATE  FISCAL  YEAR  THEREAFTER,  A
STATE  AID  PAYMENT EQUAL TO SEVEN PERCENT OF THE "ESTIMATED NET MACHINE
INCOME" GENERATED BY A VIDEO GAMING FACILITY  LOCATED  IN  THE  ELIGIBLE
CITY OR FORTY MILLION DOLLARS, WHICHEVER SHALL BE GREATER.
  S  2.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after April 1, 2010.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05257-02-0

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