|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 19, 2014||referred to racing and wagering|
delivered to assembly
|May 19, 2014||advanced to third reading|
|May 14, 2014||2nd report cal.|
|May 13, 2014||1st report cal.615|
|Apr 23, 2014||referred to racing, gaming and wagering|
senate Bill S7076
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7076 - Details
- Current Committee:
- Law Section:
- Racing, Pari-Mutuel Wagering and Breeding Law
- Laws Affected:
- Amd §212, RWB L
S7076 - Summary
Expands the reports a franchised thoroughbred racing corporation must make available to the franchise oversight board.
S7076 - Sponsor Memo
BILL NUMBER:S7076 TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to oversight of a franchised racing corporation and to make technical amendments thereto Purpose of the Bill: This bill would strengthen the ability of the Franchise Oversight Board (FOB) to review the records of the franchised corporation that operates the State-owned horse racing tracks. Summary of Provisions: Section 1 of the bill would amend Racing, Pari-Mutual Wagering and Breeding Law (Racing Law) § 212(8)(a)(xiii) to authorize the FOB to require the franchised corporation, which is now The New York Racing Association, Inc. (NYRA), to make available within 30 days of a request of the FOB any reports of the independent business integrity counsel. The bill further provides that with respect to such mandatory disclosure to the FOB, the attorney-client privilege would not apply, but that such privilege would continue to apply with respect to other parties. Section 1 of the bill would also amend subparagraphs (iii), (iv), (vii), and (xvii) of Racing Law § 212(8)(a) to refer to the Gaming
S7076 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7076 I N S E N A T E April 23, 2014 ___________ Introduced by Sen. BONACIC -- (at request of the New York State Gaming Commission) -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to oversight of a franchised racing corporation and to make technical amendments thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraphs (iii), (iv), (vii), (xiii) and (xvii) of paragraph a of subdivision 8 of section 212 of the racing, pari-mutuel wagering and breeding law, as added by chapter 18 of the laws of 2008, are amended to read as follows: (iii) oversee, monitor and review all significant transactions and operations of the franchised corporation authorized by this chapter; provided, however, that nothing in this section shall be deemed to reduce, diminish or impede the authority of the state [racing and wager- ing board] GAMING COMMISSION to, pursuant to article one of this chap- ter, determine and enforce compliance by the franchised corporation with terms of racing laws and regulations. Such oversight shall include, but not be limited to: (A) review and make recommendations concerning the annual operating budgets of such franchised corporation; (B) review and make recommendations concerning operating revenues and the establishment of a financial plan; (C) review and make recommendations concerning accounting, internal control systems and security procedures; (D) review such franchised corporation's revenue and expenditure [polices] POLICIES, which shall include collective bargaining agreements management and employee compensation plans, vendor contracts and capital improvement plans; (E) review such franchise corporation's compliance with the laws, rules and regulations applicable to its activities; (F) make recommendations for establishing model governance principles to improve accountability and transparency; and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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