NY State Senate Bill S3760

Archive: Last Bill Status Via A2820 - Signed by Governor

Introduced
In Committee
On Floor Calendar
- Passed Senate
- Passed Assembly
Delivered to Governor
Signed by Governor

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Actions

view actions (11)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 26, 2017	signed chap.42
Jun 14, 2017	delivered to governor
Jun 08, 2017	returned to assembly passed senate 3rd reading cal.199 substituted for s3760
Jun 08, 2017	substituted by a2820
Mar 01, 2017	advanced to third reading
Feb 28, 2017	2nd report cal.
Feb 14, 2017	1st report cal.199
Jan 26, 2017	referred to racing, gaming and wagering

Votes

view votes

Jun 8, 2017 - floor Vote

A2820

floor

Aye

Nay

Absent

Excused

Abstained

Feb 14, 2017 - Racing, Gaming and Wagering committee Vote

S3760

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Co-Sponsors

S3760 (ACTIVE) - Details

See Assembly Version of this Bill:: A2820
Law Section:: Racing
Laws Affected:: Amd §2, Chap 473 of 2010
Versions Introduced in Other Legislative Sessions:: 2013-2014: S7019, A9410
2015-2016: S3424, A4925
2019-2020: S2314

S3760 (ACTIVE) - Summary

Relates to extending the provisions relating to the New York state thoroughbred breeding and development fund until seven years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.

S3760 (ACTIVE) - Sponsor Memo

 BILL NUMBER:  S3760

 TITLE OF BILL :  An act to amend chapter 473 of the laws of 2010
amending the racing, pari-mutuel wagering and breeding law relating to
the New York state thoroughbred breeding and development fund, in
relation to the effectiveness thereof

 PURPOSE OR GENERAL IDEA OF BILL :

The purpose of this legislation is to provide continued revenue and
operational flexibility to the New York State Thoroughbred Breeding
and Development Fund.

 SUMMARY OF SPECIFIC PROVISIONS :

Section 1.Amends Chapter 473 of the laws of 2010 relating to the New
York state Thoroughbred Breeding and Development Fund. This section of
law is scheduled to sunset on October 28, 2017. Specifically, the
following provisions would be extended for an additional year:

*requiring payments to be made to the fund on a quarterly basis;

*the percentage of revenue that can be allotted to breeder awards
would be maintained at sixty-five percent (65%);

*the amount of money used for promoting the breeding and raising of

thoroughbred horses would be increased from five percent (5%) up to
six percent (6%); and

*the amount of money used for administrative allotments from the fund
would be increased from four percent (4%) up to five percent (5%).

Section 2.Effective date.

 JUSTIFICATION :

The New York State Thoroughbred Breeding and Development Fund,
established in 1973, has helped shape the New York State thoroughbred
industry, making it the benchmark of thoroughbred programs around the
world. For over two decades, the Fund has worked to make thoroughbred
breeding and racing a vital force in New York State's economy,
utilizing its rich racing tradition, vast agricultural resources, and
thriving tourism industry. The Fund is a public benefit corporation
that oversees the registration process for foals and stallions, and
distributes incentive awards to breeders, owners and stallion owners.
The incentives provided by the Fund are financed from within the
racing industry, using a small percentage of the total monies wagered
through the pari-mutuel system on thoroughbred racing in New York
State.

Thoroughbred Breeders use this funding to invest back into breeding,
thereby keeping that money in the local economy and creating more
jobs, and strengthening the horse racing industry in New York. The New
York Racing and Breeding Program has evolved significantly since 1973.
The goals set out for the Fund have been well accomplished, especially
in the last decade. However, the industry has seen significant
declines in handle year after year. With that, the Fund's revenue has
rapidly fallen each year placing a burden on the ability to pay awards
to participants at advertised rates within the statutory cap as the
Breeding Program has grown.

Initially enacted as Chapter 473 of the Laws of 2010, this proposal
provided some flexibility to the Thoroughbred Breeding and Development
Fund. This law was slated to expire upon the commencement of the
operation of a video lottery facility at Aqueduct racetrack, which
began operations on October 28, 2011. The sunset of this law has been
extended multiple times. This proposal would extend those provisions
for an additional year and provide the Board of Directors of the
Thoroughbred Breeding Fund the ability to allot Fund revenue based on
the current state of the Thoroughbred industry.  Additionally, this
proposal is strictly a housekeeping modification that has no financial
impact on any other organization or segment of the industry.

 PRIOR LEGISLATIVE HISTORY :

2016: Similar to Chapter 255 of the Laws of 2016 (A.9125/S.6550-A).
2015: Similar to Chapter 287 of the Laws of 2015 (A.4925/S.3424).
2014: Similar to Chapter 168 of the Laws of 2014 (A.9410/S 7019).
2013: Similar to Chapter 120 of the Laws of 2013 (A.6939/S.4750).
2012: Similar to Chapter 423 of the Laws of 2012 (A.10295/S.7050).
2011: Similar to Chapter 175 of the Laws of 2011 (A.7852-A/S, 3949-B).
2010: Similar to Chapter 473 of the Laws of 2010 (A.11130-A/S 7578-A).

 FISCAL IMPLICATIONS :

None.

 EFFECTIVE DATE :
This act shall take effect immediately.

S3760 (ACTIVE) - Bill Text download pdf


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

                                  3760

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 26, 2017
                               ___________

Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
  printed to be committed to the Committee on Racing, Gaming and  Wager-
  ing

AN  ACT  to  amend  chapter 473 of the laws of 2010 amending the racing,
  pari-mutuel wagering and breeding law relating to the New  York  state
  thoroughbred  breeding and development fund, in relation to the effec-
  tiveness thereof

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

  Section  1.  Section 2 of chapter 473 of the laws of 2010 amending the
racing, pari-mutuel wagering and breeding law relating to the  New  York
state  thoroughbred breeding and development fund, as amended by chapter
255 of the laws of 2016, is amended to read as follows:
  § 2. This act shall take effect immediately,  provided,  however  that
this act shall expire and be deemed repealed [six] SEVEN years after the
commencement  of  the  operation of a video lottery facility at Aqueduct
racetrack; provided that the chair of the New  York  state  thoroughbred
breeding and development fund shall notify the legislative bill drafting
commission upon the occurrence of the commencement of the operation of a
video  lottery  facility at Aqueduct racetrack in order that the commis-
sion may maintain an accurate and timely  effective  data  base  of  the
official  text  of  the  laws of the state of New York in furtherance of
effectuating the provisions of section 44 of  the  legislative  law  and
section  70-b  of the public officers law; provided further, that effec-
tive immediately the addition, amendment and/or repeal of any  rules  or
regulations  necessary  for the implementation of this act on its effec-
tive date are authorized and directed to be made  and  completed  on  or
before such date.
  § 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08041-01-7

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The New York State Senate

senate Bill S3760

Sponsored By

Archive: Last Bill Status Via A2820 - Signed by Governor

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Votes

Jun 8, 2017 - floor Vote

Floor Vote: Jun 8, 2017

Feb 14, 2017 - Racing, Gaming and Wagering committee Vote

Racing, Gaming and Wagering Committee Vote: Feb 14, 2017

Co-Sponsors

S3760 (ACTIVE) - Details

S3760 (ACTIVE) - Summary

S3760 (ACTIVE) - Sponsor Memo

S3760 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S3760

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Sponsored By

John J. Bonacic

Archive: Last Bill Status Via A2820 - Signed by Governor

Your Voice

Actions

Votes

Jun 8, 2017 - floor Vote

Floor Vote: Jun 8, 2017

Feb 14, 2017 - Racing, Gaming and Wagering committee Vote

Racing, Gaming and Wagering Committee Vote: Feb 14, 2017

Co-Sponsors

Kathleen A. Marchione

S3760 (ACTIVE) - Details

S3760 (ACTIVE) - Summary

S3760 (ACTIVE) - Sponsor Memo

S3760 (ACTIVE) - Bill Text download pdf

Comments