|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to investigations and government operations|
|Jan 09, 2013||referred to investigations and government operations|
senate Bill S723
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S723 - Details
- See Assembly Version of this Bill:
- Law Section:
- Tax Law
- Laws Affected:
- Add §1621, Tax L; add §97-llll, St Fin L
S723 - Summary
Authorizes the creation of the community group assistance lottery game and establishes the community grant fund, which fund shall be dedicated to community groups organized pursuant to paragraph three or four of subdivision (c) of section five hundred one of the internal revenue code of nineteen hundred eighty-six, as amended, administering educational, recreational, cultural, senior, veterans or social services programs or providing volunteer ambulance services.
S723 - Sponsor Memo
BILL NUMBER:S723 TITLE OF BILL: An act to amend the tax law, in relation to authorizing the creation of the community group assistance lottery game and to amend the state finance law, in relation to establishing the community grant fund SUMMARY OF PROVISIONS: Section 1 of the bill amends the tax law by adding a new section 1621 that creates the community group assistance lottery game. No more than 2 scratch-off lottery games shall be developed and implemented and whose revenue. after payment for prizes and associated administrative costs of such games, shall be deposited in the community grant fund. Section 2 of the bill amends the state finance law by adding a new section 97-1111 that creates the community grant fund as follows: a. The fund will be in the sole custody of the state comptroller and monies to the fund shall and not co-mingled with other funds in the custody of the comptroller. b. Monies of the fund shall be expended only for costs associated with
S723 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 723 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. AVELLA, PERALTA -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to authorizing the creation of the community group assistance lottery game; and to amend the state finance law, in relation to establishing the community grant fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 1621 to read as follows: S 1621. COMMUNITY GROUPS ASSISTANCE LOTTERY GAME. A. THE DIRECTOR OF THE DIVISION OF THE LOTTERY SHALL DEVELOP AND IMPLEMENT NO MORE THAN TWO SCRATCH-OFF LOTTERY GAMES WHOSE REVENUE, AFTER PAYMENT FOR PRIZES AND ASSOCIATED ADMINISTRATIVE COSTS OF SUCH GAMES, SHALL BE DEPOSITED IN THE COMMUNITY GRANT FUND AS ESTABLISHED IN SECTION NINETY-SEVEN-LLLL OF THE STATE FINANCE LAW. THIS LOTTERY GAME SHALL BE MARKETED AND DISTRIBUTED IN THE SAME MANNER AS ALL LOTTERY GAMES CONTROLLED BY THE DIVISION OF THE LOTTERY. THIS SECTION SHALL NOT DIMINISH ANY EFFORTS OR FUNDING FOR OTHER LOTTERY GAMES UNDER THE CONTROL OF THE DIVISION OF THE LOTTERY. EACH TICKET SHALL CLEARLY STATE THAT ALL PROCEEDS FROM TICKET SALES GO TOWARDS THE COMMUNITY GRANT FUND. B. THE DIVISION OF THE LOTTERY SHALL ESTABLISH AND BEGIN SELLING TICK- ETS AS REQUIRED BY THIS SECTION NO LATER THAN DECEMBER THIRTY-FIRST, TWO THOUSAND THIRTEEN. S 2. The state finance law is amended by adding a new section 97-llll to read as follows: S 97-LLLL. COMMUNITY GRANT FUND. 1. THE COMMUNITY GRANT FUND IS ESTAB- LISHED IN THE SOLE CUSTODY OF THE STATE COMPTROLLER. MONIES IN THE FUND SHALL BE KEPT SEPARATE AND NOT COMMINGLED WITH OTHER FUNDS IN THE CUSTO- DY OF THE COMPTROLLER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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