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Assembly Bill A10514

2011-2012 Legislative Session

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

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Archive: Last Bill Status - In Senate Committee Rules Committee

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2011-A10514 (ACTIVE) - Details

See Senate Version of this Bill:
S7390
Current Committee:
Senate Rules
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd ยง254, RWB L
Versions Introduced in 2013-2014 Legislative Session:
A7156, S2901

2011-A10514 (ACTIVE) - Summary

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

2011-A10514 (ACTIVE) - Bill Text download pdf 

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

                                  10514

                          I N  A S S E M B L Y

                              May 30, 2012
                               ___________

Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Pretlow) --
  read once and referred to the Committee on Racing and Wagering

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.
                                                           LBD15725-01-2

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