Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to racing, gaming and wagering |
Jun 09, 2015 |
referred to rules |
Senate Bill S5869
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2015-S5869 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8207
- Current Committee:
- Senate Racing, Gaming And Wagering
- Law Section:
- Racing, Pari-Mutuel Wagering and Breeding Law
- Laws Affected:
- Amd §1316, RWB L
2015-S5869 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5869 TITLE OF BILL : An act to amend the racing, pari-mutuel wagering and breeding law, in relation to the amount of investment required in a proposed gaming facility PURPOSE : To clarify that an applicant for a gaming license will be required to make the total investment proposed in its final approved application. SUMMARY OF PROVISIONS : Section one - amends subdivision 1 of section 1316 of the Racing, Pari-mutuel Wagering and Breeding Law to clarify that a successful applicant will be required to invest not less than the total investment proposed in the licensee's final application, as such application was approved by the Board. Section two - is the effective date. JUSTIFICATION : Current subdivision 1 of section 1316 of the Racing, Pari-mutuel
2015-S5869 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5869 2015-2016 Regular Sessions I N S E N A T E June 9, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to the amount of investment required in a proposed gaming facility THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1316 of the racing, pari-mutuel wagering and breeding law, as added by chapter 174 of the laws of 2013, is amended to read as follows: 1. in accordance with the design plans submitted with the licensee's application to the board, invest not less than [the required capital under this article] THE TOTAL INVESTMENT PROPOSED IN THE LICENSEE'S FINAL APPLICATION, AS SUCH APPLICATION WAS APPROVED BY THE BOARD, into the gaming facility; S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11507-01-5
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