Assembly Bill A8207

2015-2016 Legislative Session

Relates to the amount of investment required in a proposed gaming facility

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2015-A8207 (ACTIVE) - Details

See Senate Version of this Bill:
S5869
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1316, RWB L

2015-A8207 (ACTIVE) - Summary

Requires a licensee to invest the total investment proposed in the licensee's final application in a proposed gaming facility.

2015-A8207 (ACTIVE) - Bill Text download pdf 

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

                                  8207

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              June 11, 2015
                               ___________

Introduced by M. of A. BRINDISI -- 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 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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