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Assembly Bill A10016

2013-2014 Legislative Session

Relates to joint affiliation and contractual agreements

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Archive: Last Bill Status - Passed Assembly

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2013-A10016 (ACTIVE) - Details

Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd ยง1012, RWB L

2013-A10016 (ACTIVE) - Summary

Relates to joint affiliation and contractual agreements.

2013-A10016 (ACTIVE) - Bill Text download pdf 

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

                                  10016

                          I N  A S S E M B L Y

                              June 6, 2014
                               ___________

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 joint affiliation and contractual agreements

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

  Section 1. Subdivision 1 of section 1012 of  the  racing,  pari-mutuel
wagering  and  breeding  law,  as  amended by chapter 174 of the laws of
2013, is amended to read as follows:
  1. Racing  associations  and  corporations,  franchised  corporations,
off-track betting corporations and multi-jurisdictional account wagering
providers  may  form  partnerships,  joint ventures, or any other affil-
iations or contractual arrangement in order to further the  purposes  of
this  section.  Multi-jurisdictional account wagering providers involved
in such joint affiliations or contractual arrangements shall follow  the
same  distributional  policy  with  respect  to  retained commissions as
[their in-state affiliate or contractual partner] A MULTI-JURISDICTIONAL
ACCOUNT WAGERING PROVIDER DEFINED IN THIS  ARTICLE;  PROVIDED,  HOWEVER,
THAT  SUCH  JOINT AFFILIATION OR CONTRACTUAL ARRANGEMENT ENTERED INTO ON
OR AFTER THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF  TWO  THOUSAND
FOURTEEN  THAT  AMENDED  THIS SUBDIVISION SHALL BE SUBJECT TO THE REVIEW
AND APPROVAL OF THE COMMISSION  TO  DETERMINE  IF  SUCH  AFFILIATION  OR
CONTRACTUAL  ARRANGEMENT  IS IN THE BEST INTEREST OF THE RACING INDUSTRY
OF THIS STATE.
  S 2. This act shall take effect immediately and shall  only  apply  to
partnerships,  joint  ventures, or any other affiliations or contractual
arrangement authorized in this section entered into  on  or  after  such
effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15535-01-4

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