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Senate Bill S2887

2009-2010 Legislative Session

Relates to permitted uses for state aid to municipalities in which a video lottery gaming facility is located

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Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee

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2009-S2887 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
State Finance Law
Laws Affected:
Amd ยง54-l, St Fin L
Versions Introduced in 2011-2012 Legislative Session:
S2139

2009-S2887 (ACTIVE) - Summary

Relates to permitting state aid provided to municipalities in which a video lottery gaming facility is located to be used for transportation improvements and highway repairs.

2009-S2887 (ACTIVE) - Sponsor Memo

2009-S2887 (ACTIVE) - Bill Text download pdf 

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

                                  2887

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              March 5, 2009
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

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
  is located

  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
amended  by  section  1  of part R of chapter 57 of the laws of 2007, 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.
                                                           LBD09953-01-9

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