Assembly Bill A6124C

Vetoed By Governor
2015-2016 Legislative Session

Relates to contribution requirements for the capital acquisition fund

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Archive: Last Bill Status - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By Governor
  • Signed By Governor

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Bill Amendments

2015-A6124 - Details

See Senate Version of this Bill:
S8019
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §509-a, RWB L
Versions Introduced in Other Legislative Sessions:
2017-2018: A4311
2019-2020: A3850
2021-2022: A1695

2015-A6124 - Summary

Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

2015-A6124 - Bill Text download pdf

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

                                  6124

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 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  percent  of  wagers made at off-track betting facilities
  conducted by in-state thoroughbred racing corporations; and  repealing
  certain provisions of such law relating thereto

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

  Section 1. Subdivision 2 of section 1017 of  the  racing,  pari-mutuel
wagering and breeding law is REPEALED.
  S  2. Subparagraphs 1 and 2 of paragraph h of subdivision 1 of section
1014 of the racing, pari-mutuel wagering and breeding law, as amended by
chapter 18 of the laws of 2008, are amended to read as follows:
  (1) Licensed harness  tracks  shall  receive  in  lieu  of  any  other
payments  on  wagers  placed at off-track betting facilities outside the
special betting district on races conducted by an in-state  thoroughbred
racing  corporation,  [two and eight-tenths] ONE AND FOUR-TENTHS percent
on regular and multiple bets during a  regional  meeting  and  [one  and
nine-tenths]  NINETY FIVE-HUNDREDTHS percent of such bets if there is no
regional meeting and [four and eight-tenths] TWO AND FOUR-TENTHS percent
on exotic bets on days on which there is a regional meeting  and  [three
and  four-tenths]  ONE AND SEVEN-TENTHS percent of such bets if there is
no regional meeting.
  (2) (i) In addition, licensed harness tracks shall  receive  [one  and
one-half]  THREE-QUARTERS per centum, TO BE USED EXCLUSIVELY TO INCREASE
PURSES, on total handle on races conducted at an out-of-state or out-of-
country thoroughbred  track  provided  such  harness  track  is  neither
accepting wagers nor displaying the signal from an out-of-state track.
  (ii) In those regions in which there is more than one licensed harness
track,  if no track is accepting wagers or displaying the live simulcast
signal from the out-of-state track, the total sum shall be divided among

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09871-01-5
              

co-Sponsors

2015-A6124A - Details

See Senate Version of this Bill:
S8019
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §509-a, RWB L
Versions Introduced in Other Legislative Sessions:
2017-2018: A4311
2019-2020: A3850
2021-2022: A1695

2015-A6124A - Summary

Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

2015-A6124A - Bill Text download pdf

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

                                 6124--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2015
                               ___________

Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
  tee on Racing and Wagering  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
  relation to percent of wagers made  at  off-track  betting  facilities
  conducted  by in-state thoroughbred racing corporations; and repealing
  certain provisions of such law relating thereto

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

  Section  1.  Subdivision  2 of section 1017 of the racing, pari-mutuel
wagering and breeding law is REPEALED.
  S 2. Clause (E) of subparagraph 5 and clause (G) of subparagraph 6  of
paragraph  b of subdivision 1 of section 1016 of the racing, pari-mutuel
wagering and breeding law, as amended by chapter 18 of the laws of 2008,
are amended to read as follows:
  (E) On days when a franchised corporation is  not  conducting  a  race
meeting  and  when  a licensed harness track is neither accepting wagers
nor displaying the signal from an in-state thoroughbred  corporation  or
association or an out-of-state thoroughbred track:
  (i)  Such licensed regional harness track shall receive in lieu of any
other payments on wagers placed at off-track betting facilities  outside
the special betting district on races conducted by an in-state thorough-
bred  racing  corporation,  [two  and  eight-tenths] ONE AND FOUR-TENTHS
percent on regular and multiple bets during a regional meeting and  [one
and nine-tenths] NINETY-FIVE HUNDREDTHS percent of such bets if there is
no  regional  meeting  and  [four  and eight-tenths] TWO AND FOUR-TENTHS
percent on exotic bets on days on which there is a regional meeting  and
[three  and  four-tenths]  ONE  AND SEVEN-TENTHS percent of such bets if
there is no regional meeting.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09871-02-5

A. 6124--A                          2
              

co-Sponsors

2015-A6124B - Details

See Senate Version of this Bill:
S8019
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §509-a, RWB L
Versions Introduced in Other Legislative Sessions:
2017-2018: A4311
2019-2020: A3850
2021-2022: A1695

2015-A6124B - Summary

Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

2015-A6124B - Bill Text download pdf

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

                                 6124--B

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2015
                               ___________

Introduced  by  M.  of A. PRETLOW, McDONALD -- read once and referred to
  the Committee on Racing and Wagering  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee -- recommitted to the Committee on Racing and Wagering in  accord-
  ance  with  Assembly  Rule  3,  sec.  2  -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
  relation to contribution requirements for the capital acquisition fund

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

  Section  1.  Subdivision 1 of section 509-a of the racing, pari-mutuel
wagering and breeding law, as added by chapter 681 of the laws of  1989,
is amended to read as follows:
  (1)  no  contribution  shall  exceed  the amount of one percent of the
total pari-mutuel wagering pools for the quarter in which  the  contrib-
ution  is made; PROVIDED, HOWEVER THAT THREE QUARTERS OF THE ONE PERCENT
SHALL BE USED BY THE CORPORATION FOR ANY CORPORATE PURPOSE;
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09871-03-6


              

co-Sponsors

2015-A6124C (ACTIVE) - Details

See Senate Version of this Bill:
S8019
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §509-a, RWB L
Versions Introduced in Other Legislative Sessions:
2017-2018: A4311
2019-2020: A3850
2021-2022: A1695

2015-A6124C (ACTIVE) - Summary

Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.

2015-A6124C (ACTIVE) - Bill Text download pdf

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

                                 6124--C

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2015
                               ___________

Introduced  by  M.  of A. PRETLOW, McDONALD -- read once and referred to
  the Committee on Racing and Wagering  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee -- recommitted to the Committee on Racing and Wagering in  accord-
  ance  with  Assembly  Rule  3,  sec.  2  -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee  --  again  reported  from said committee with amendments, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
  relation to contribution requirements for the capital acquisition fund

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

  Section 1. Subdivision 1 of section 509-a of the  racing,  pari-mutuel
wagering  and breeding law, as added by chapter 681 of the laws of 1989,
is amended to read as follows:
  (1) no contribution shall exceed the amount  of  one  percent  of  the
total  pari-mutuel  wagering pools for the quarter in which the contrib-
ution is made; PROVIDED, HOWEVER, THAT UP  TO  SEVENTY-FIVE  PERCENT  OF
SUCH  AMOUNT  MAY  BE USED BY THE CORPORATION FOR ANY CORPORATE PURPOSE,
PROVIDED THAT:
  (A) SUCH CORPORATION IS NOT UTILIZING ITS CAPITAL ACQUISITION FUND FOR
CORPORATE PURPOSES AS PROVIDED IN SECTION THREE OF PART  II  OF  CHAPTER
FIFTY-EIGHT OF THE LAWS OF TWO THOUSAND TWELVE; AND
  (B) SUCH CORPORATION SHALL SUBMIT A FINANCIAL PLAN FOR THE USE OF SUCH
FUNDS  TO  THE  COMMISSION  FOR  APPROVAL BY SEPTEMBER THIRTIETH OF EACH
YEAR, WHICH SHALL INCLUDE THE AMOUNT AND SPECIFIC USE OF SUCH FUNDS, AND
ANY ADDITIONAL INFORMATION THAT THE COMMISSION DEEMS APPROPRIATE.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09871-04-6


              

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