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Assembly Bill A8863

2011-2012 Legislative Session

Authorizes the creation of the library assistance lottery game and the establishment of the library assistance fund

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Archive: Last Bill Status - In Assembly Committee

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2011-A8863 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add §1621, Tax L; add §97-llll, St Fin L

2011-A8863 (ACTIVE) - Summary

Authorizes the creation of the library assistance lottery game and the establishment of the library assistance fund.

2011-A8863 (ACTIVE) - Bill Text download pdf 

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

                                  8863

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 4, 2012
                               ___________

Introduced  by M. of A. CALHOUN -- read once and referred to the Commit-
  tee on Ways and Means

AN ACT to amend the tax law, in relation to authorizing the creation  of
  the  library  assistance  lottery  game and to amend the state finance
  law, in relation to establishing the library assistance fund

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

  Section 1. The tax law is amended by adding a new section 1621 to read
as follows:
  S  1621. LIBRARY ASSISTANCE LOTTERY GAME. 1. THE DIRECTOR OF THE DIVI-
SION OF LOTTERY SHALL DEVELOP AND IMPLEMENT NO MORE THAN TWO SCRATCH-OFF
LOTTERY GAMES WHOSE REVENUE, AFTER  PAYMENT  OF  PRIZES  AND  ASSOCIATED
ADMINISTRATIVE  COSTS  OF  SUCH GAMES, SHALL BE DEPOSITED IN THE LIBRARY
ASSISTANCE FUND AS ESTABLISHED IN SECTION NINETY-SEVEN-LLLL OF THE STATE
FINANCE LAW. THIS LOTTERY GAME SHALL BE MARKETED AND DISTRIBUTED IN  THE
SAME  MANNER AS ALL LOTTERY GAMES CONTROLLED BY THE DIVISION OF LOTTERY.
THIS SECTION SHALL NOT DIMINISH ANY EFFORTS OR FUNDING FOR OTHER LOTTERY
GAMES UNDER THE CONTROL OF THE DIVISION OF LOTTERY.  EACH  TICKET  SHALL
CLEARLY STATE THAT ALL PROCEEDS FROM TICKET SALES GO TOWARDS THE LIBRARY
ASSISTANCE FUND.
  2.  THE  DIVISION OF LOTTERY SHALL ESTABLISH AND BEGIN SELLING TICKETS
AS REQUIRED BY THIS SECTION NO LATER  THAN  DECEMBER  THIRTY-FIRST,  TWO
THOUSAND TWELVE.
  S  2. The state finance law is amended by adding a new section 97-llll
to read as follows:
  S 97-LLLL. LIBRARY ASSISTANCE FUND. 1. THE LIBRARY ASSISTANCE FUND  IS
ESTABLISHED  IN THE SOLE CUSTODY OF THE STATE COMPTROLLER. MONIES IN THE
FUND SHALL BE KEPT SEPARATE AND NOT COMMINGLED WITH OTHER FUNDS  IN  THE
CUSTODY OF THE COMPTROLLER.
  2. MONIES OF THE FUND SHALL BE EXPENDED ONLY FOR COSTS ASSOCIATED WITH
ASSISTANCE  FOR LIBRARIES.  MONIES SHALL BE PAYABLE FROM THE FUND BY THE
COMPTROLLER ON VOUCHERS APPROVED BY THE DEPARTMENT OF EDUCATION.

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

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