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Senate Bill S7390

2011-2012 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering Committee

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2011-S7390 (ACTIVE) - Details

See Assembly Version of this Bill:
A10514
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L
Versions Introduced in 2013-2014 Legislative Session:
S2901, A7156

2011-S7390 (ACTIVE) - Summary

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

2011-S7390 (ACTIVE) - Sponsor Memo

2011-S7390 (ACTIVE) - Bill Text download pdf 

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

                                  7390

                            I N  S E N A T E

                               May 4, 2012
                               ___________

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

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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