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Assembly Bill A1289

2015-2016 Legislative Session

Relates to the New York State Thoroughbred Breeding and Development Fund

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2015-A1289 (ACTIVE) - Details

Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd ยง254, RWB L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9778
2013-2014: A3712

2015-A1289 (ACTIVE) - Summary

Relates to the New York State Thoroughbred Breeding and Development Fund.

2015-A1289 (ACTIVE) - Bill Text download pdf 

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

                                  1289

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             January 9, 2015
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Racing and Wagering

AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
  relation  to  the New York state thoroughbred breeding and development
  fund

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The second undesignated paragraph and the closing paragraph
of  subdivision 2 of section 254 of the racing, pari-mutuel wagering and
breeding law, as amended by chapter 18 of the laws of 2008,  is  amended
to read as follows:
  [All  moneys of the fund in excess of seventy-five thousand dollars on
hand at the end of each calendar year shall be apportioned  between  and
paid  to the state and the regional off-track betting corporations based
on the level of contributions to such fund during the year by the racing
corporations and the regional off-track  betting  corporations,  respec-
tively.  Payment  of  such  money  to  the  state and such corporations,
respectively, shall be made by March fifteenth of the year following the
close of such calendar year.
  That portion returned to the regional off-track  betting  corporations
shall  be distributed prior to May first of such year to the participat-
ing local governments within each region in the same proportion  as  the
net  earnings  of  such  corporation  for  the  prior calendar year were
distributed.]
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05467-01-5

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