Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to finance |
Mar 23, 2017 |
referred to finance |
Senate Bill S5361
2017-2018 Legislative Session
Sponsored By
(D, WF) 63rd Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
2017-S5361 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-h, St Fin L; amd §2, Chap 747 of 2006
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S7775
2019-2020: S1532
2017-S5361 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5361 TITLE OF BILL : An act to amend the state finance law, in relation to the tribal-state compact revenue account; and to amend chapter 747 of the laws of 2006, amending the state finance law relating to disbursements from the tribal-state compact revenue account to certain municipalities, in relation to extending the repeal of such provisions upon expiration thereof PURPOSE OR GENERAL IDEA OF BILL : This legislation seeks to increase the local share received by the city of Buffalo for hosting a casino. SUMMARY OF SPECIFIC PROVISIONS : Section 1 of the bill increases the minimum amount of the negotiated net drop received by the State for a gaming facility located within Buffalo to 75% from 25%. Section 2 of the bill increases the minimum amount of the negotiated net drop received by the State for a gaming facility located within Buffalo to 75% from 25%. Section 3 of the bill increases the minimum amount of the negotiated net drop received by the State for a gaming facility located within
2017-S5361 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5361 2017-2018 Regular Sessions I N S E N A T E March 23, 2017 ___________ Introduced by Sen. KENNEDY -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the tribal-state compact revenue account; and to amend chapter 747 of the laws of 2006, amending the state finance law relating to disbursements from the tribal-state compact revenue account to certain municipalities, in relation to extending the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 99-h of the state finance law, as amended by section 7 of chapter 174 of the laws of 2013, is amended to read as follows: 3. Moneys of the account, following the segregation of appropriations enacted by the legislature, shall be available for purposes including but not limited to: (a) reimbursements or payments to municipal govern- ments that host tribal casinos pursuant to a tribal-state compact for costs incurred in connection with services provided to such casinos or arising as a result thereof, for economic development opportunities and job expansion programs authorized by the executive law; provided, howev- er, that for any gaming facility located in the city of Buffalo, the city of Buffalo shall receive a minimum of [twenty-five] SEVENTY-FIVE percent of the negotiated percentage of the net drop from electronic gaming devices the state receives pursuant to the compact, and provided further that for any gaming facility located in the city of Niagara Falls, county of Niagara a minimum of twenty-five percent of the negoti- ated percentage of the net drop from electronic gaming devices the state receives pursuant to the compact shall be distributed in accordance with subdivision four of this section, and provided further that for any gaming facility located in the county or counties of Cattaraugus, Chau- tauqua or Allegany, the municipal governments of the state hosting the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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