|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jul 22, 2014||
|Jul 11, 2014||
delivered to governor
|Jun 09, 2014||
returned to senate
ordered to third reading cal.858
substituted for a9410
|May 28, 2014||
referred to ways and means
delivered to assembly
|May 19, 2014||
advanced to third reading
|May 14, 2014||
2nd report cal.
|May 13, 2014||
1st report cal.614
|Apr 16, 2014||
referred to racing, gaming and wagering
senate Bill S7019Signed By Governor
Extends certain provisions relating to the New York state thoroughbred breeding and development fund
Archive: Last Bill Status - Signed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed by Governor
view actions (13)
May 28, 2014 - floor VoteS7019600floor60Aye0Nay0Absent1Excused0Abstained
show floor vote details
Floor Vote: May 28, 2014aye (60)
May 13, 2014 - Racing, Gaming and Wagering committee VoteS7019110committee11Aye0Nay0Aye with Reservations0Absent0Excused0Abstained
- show floor vote details
S7019 - Bill Details
- See Assembly Version of this Bill:
- Law Section:
- Laws Affected:
- Amd §2, Chap 473 of 2010
S7019 - Bill Texts
Relates to extending the provisions relating to the New York state thoroughbred breeding and development fund until four years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
view sponsor memo
TITLE OF BILL: An act to amend chapter 473 of the laws of 2010
amending the racing, pari-mutuel wagering and breeding law relating to
the New York state thoroughbred breeding and development fund, in
relation to the effectiveness thereof
PURPOSE OR GENERAL IDEA OF BILL:
The purpose of this legislation is to provide continued revenue to the
New York State Thoroughbred Breeding and Development Fund.
SUMMARY OF SPECIFIC PROVISIONS:
This bill would amend Chapter 473 of the laws of 2010 amending the
racing, pari-mutuel wagering and breeding law relating to the New York
state thoroughbred breeding and development fund. This section of law
is scheduled to sunset on October 28, 2014. Specifically, the
following provisions would be extended for an additional year:
*require payments to be made to the fund on a quarterly basis;
*the percentage of revenue that can be allotted to breeder awards
would be maintained at sixty-five percent (65%);
*amount of money used for promoting the breeding and raising of
thoroughbred horses would be increased by one percent to an amount up
to six percent (6%); and
*administrative allotments from the fund would be increased from four
percent (4%) up to five percent (5%).
The New York State Thoroughbred Breeding and Development Fund,
established in 1973, has helped shape the New York State thoroughbred
industry, making it the benchmark of thoroughbred programs around the
world. For over two decades, the Fund has worked to make thoroughbred
breeding and racing a vital force in New York State's economy,
utilizing its rich racing tradition, vast agricultural resources, and
thriving tourism industry. The Fund is a public benefit corporation
that oversees the registration process for foals and stallions, and
distributes incentive awards to breeders, owners and stallion owners.
The incentives provided by the Fund are financed from within the
racing industry, using a small percentage of the total monies wagered
through the pari-mutuel system on thoroughbred racing in New York
Thoroughbred Breeders use this funding to invest back into breeding,
thereby keeping that money in the local economy and creating more
jobs, and strengthening the horse racing industry in New York.
The New York Racing and Breeding Program has evolved significantly
since 1973. The goals set out for the Fund have been well
accomplished, especially in the last decade. However, the industry has
seen significant declines in handle year after year. With that, the
Fund's revenue has rapidly fallen each year placing a burden on the
ability to pay awards to participants at advertised rates within the
statutory cap as the Breeding Program has grown. Initially enacted as
Chapter 473 of the Laws of 2010, this proposal provided some
flexibility to the Thoroughbred Breeding and Development Fund. This
law was slated to expire upon the commencement of the operation of a
video lottery facility at Aqueduct racetrack, which began operations
on October 28, 2011. Chapter 175 of the Laws of 2011, Chapter 423 of
the Laws of 2012 and Chapter 120 of the Laws of 2013 extended that
sunset by one year. This proposal would extend those provisions for an
additional year and provide the Board of Directors of the Thoroughbred
Breeding Fund the ability to allot Fund revenue based on the current
state of the Thoroughbred industry. Additionally, this proposal is
strictly a housekeeping modification that has no financial impact on
any other organization or segment of the industry.
PRIOR LEGISLATIVE HISTORY:
2013: Similar to Chapter 120 of the Laws of 2013 (A.6939/S.4750).
2012: Similar to Chapter 423 of the Laws of 2012 (A.10295/S.7050).
2011: Similar to Chapter 175 of the Laws of 2011 (A.7852-A/S.3949-B).
2010: Similar to Chapter 473 of the Laws of 2010 (A.11130-A/S.7578-A).
This act shall take effect immediately.
view full text
S T A T E O F N E W Y O R K ________________________________________________________________________ 7019 I N S E N A T E April 16, 2014 ___________ Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing AN ACT to amend chapter 473 of the laws of 2010 amending the racing, pari-mutuel wagering and breeding law relating to the New York state thoroughbred breeding and development fund, in relation to the effec- tiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 473 of the laws of 2010 amending the racing, pari-mutuel wagering and breeding law relating to the New York state thoroughbred breeding and development fund, as amended by chapter 120 of the laws of 2013, is amended to read as follows: S 2. This act shall take effect immediately, provided, however that this act shall expire and be deemed repealed [three] FOUR years after the commencement of the operation of a video lottery facility at Aque- duct racetrack; provided that the chair of the New York state thorough- bred breeding and development fund shall notify the legislative bill drafting commission upon the occurrence of the commencement of the oper- ation of a video lottery facility at Aqueduct racetrack in order that the commission may maintain an accurate and timely effective data base of the official text of the laws of the state of New York in furtherance of effectuating the provisions of section 44 of the legislative law and section 70-b of the public officers law; provided further, that effec- tive immediately the addition, amendment and/or repeal of any rules or regulations necessary for the implementation of this act on its effec- tive date are authorized and directed to be made and completed on or before such date. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14691-01-4
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