|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 23, 2013||referred to racing, gaming and wagering|
senate Bill S2723
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S2723 - Details
S2723 - Summary
Replaces the New York city and Nassau county regional off track betting corporations with the establishment of a reconstituted Metropolitan OTB.
S2723 - Sponsor Memo
BILL NUMBER:S2723 TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to abolishing the New York city and Nassau county regional off-track betting corporations and establishing a recon- stituted Metropolitan OTB PURPOSE: This legislation would formally dissolve the New York City OTB and the Nassau County OTB, merging the two into the "Metropolitan OTB." The Metropolitan OTB would be responsible for all off track betting within the former Nassau and NYC regions. SUMMARY OF PROVISIONS: Section 502 of the Racing, Pari-Mutuel wagering and Breeding law is amended to create a new Metropolitan OTB. JUSTIFICATION: There is an immediate need to take action to rescue NYC OTB from financial insolvency and to take definitive steps to stave off such possible action with Nassau OTB. While there is a real need to effect more efficient and streamlined operations, the systematic malady is with the non-business model that is foisted upon the regional OTBs by the current legislative scheme. NYC OTB and Nassau County OTB account for contributing nearly a billion dollars to the State's economy. Moreover, over 2,000 people are employed
S2723 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2723 2013-2014 Regular Sessions I N S E N A T E January 23, 2013 ___________ Introduced by Sen. ADAMS -- 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 abolishing the New York city and Nassau county regional off-track betting corporations and establishing a reconstituted Metro- politan OTB THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions 1 and 3 of section 502 of the racing, pari-mu- tuel wagering and breeding law, subdivision 1 as amended by chapter 710 of the laws of 1990, are amended to read as follows: 1. A regional off-track betting corporation is hereby established for each region, except the New York city [region] AND NASSAU COUNTY REGIONS for which [the New York city] A RECONSTITUTED NEW YORK CITY-NASSAU COUN- TY off-track betting corporation (HEREINAFTER, THE METROPOLITAN OTB), IS HEREBY established pursuant to and subject to article six of this chap- ter AND shall constitute the regional corporation and such article six shall govern such [New York city] RECONSTITUTED NEW YORK CITY-NASSAU COUNTY off-track betting corporation. Each regional corporation shall be a body corporate and politic constituting a public benefit corporation. Each corporation shall be administered by a board of directors consist- ing of two members from each participating county containing a city of over one hundred fifty thousand in population, according to the last federal census, and one member from each other participating county. Notwithstanding any other provision of law to the contrary, the members shall be appointed by the county governing body, and may, at the discretion of such governing body of counties which have a population of less than two hundred thousand, include sitting members of such govern- ing body. A member of a governing body who is appointed a director after July first, nineteen hundred ninety shall not be compensated by the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05589-01-3
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