senate Bill S7076

2013-2014 Legislative Session

Expands the reports a franchised thoroughbred racing corporation must make available to the franchise oversight board

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 19, 2014 referred to racing and wagering
delivered to assembly
passed senate
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


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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

S7076 - Bill Text download pdf

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


                            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


  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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