senate Bill S7745A

2017-2018 Legislative Session

Relates to allowing funds held in trust by a franchised corporation for a recognized horsemen's organization to be used as collateral to secure workers' compensation insurance coverage

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Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
Mar 15, 2018 advanced to third reading
Mar 14, 2018 2nd report cal.
Mar 13, 2018 1st report cal.634
Mar 05, 2018 print number 7745a
Mar 05, 2018 amend (t) and recommit to racing, gaming and wagering
Feb 14, 2018 referred to racing, gaming and wagering

Votes

view votes

Mar 13, 2018 - Racing, Gaming and Wagering committee Vote

S7745A
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Racing, Gaming and Wagering committee vote details

Racing, Gaming and Wagering Committee Vote: Mar 13, 2018

Co-Sponsors

S7745 - Details

See Assembly Version of this Bill:
A9894
Current Committee:
Senate Rules
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §§221 & 208, RWB L

S7745 - Summary

Allows funds held in trust by a franchised corporation for a recognized horsemen's organization to be used as collateral to secure workers' compensation insurance coverage.

S7745 - Sponsor Memo

S7745 - Bill Text download pdf


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

                                  7745

                            I N  S E N A T E

                            February 14, 2018
                               ___________

Introduced  by Sens. BONACIC, MARCHIONE -- read twice and ordered print-
  ed, and when printed to be  committed  to  the  Committee  on  Racing,
  Gaming and Wagering

AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
  relation to allowing the New York  Jockey  Injury  Compensation  Fund,
  Inc. to use as collateral up to ten per centum of the fund for certain
  letters of credit

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

  Section 1. Subdivision  6 of section 221 of  the  racing,  pari-mutuel
wagering and breeding law, as amended by section 1 of part SS of chapter
59 of the laws of 2017, is amended to read as follows:
  6.  (a) The fund shall secure workers' compensation insurance coverage
on a blanket basis for the benefit of all  jockeys,  apprentice  jockeys
and  exercise  persons licensed pursuant to this article or article four
of this chapter who are employees under  section  two  of  the  workers'
compensation law, and may elect, with the approval of the gaming commis-
sion,  to  secure  workers'  compensation  insurance  for  employees  of
licensed trainers or owners. In the event  the  fund  elects,  with  the
approval  of  the  gaming  commission,  to  secure workers' compensation
insurance for employees of licensed trainers or  owners,  the  fund  may
discontinue  to  secure workers' compensation insurance for employees of
licensed trainers or owners only  upon  prior  approval  of  the  gaming
commission.
  (b) The fund may elect, with the approval of the gaming commission, to
secure  workers' compensation insurance coverage through a form of self-
insurance, provided that the fund has met the requirements of the  work-
ers'  compensation  board,  including,  without  limitation, subdivision
three of section  fifty  of  the  workers'  compensation  law,  PROVIDED
FURTHER THAT THE FUND MAY PLEDGE AS COLLATERAL UP TO TEN PER CENTUM FROM
THE  ACCOUNT  ESTABLISHED  PURSUANT  TO  SUBDIVISION NINE OF SECTION TWO
HUNDRED EIGHT OF THIS ARTICLE TO OBTAIN A LETTER OF CREDIT TO BE USED TO
SECURE WORKERS' COMPENSATION INSURANCE COVERAGE THROUGH A FORM OF  SELF-
INSURANCE.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Co-Sponsors

S7745A (ACTIVE) - Details

See Assembly Version of this Bill:
A9894
Current Committee:
Senate Rules
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §§221 & 208, RWB L

S7745A (ACTIVE) - Summary

Allows funds held in trust by a franchised corporation for a recognized horsemen's organization to be used as collateral to secure workers' compensation insurance coverage.

S7745A (ACTIVE) - Sponsor Memo

S7745A (ACTIVE) - Bill Text download pdf


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

                                 7745--A

                            I N  S E N A T E

                            February 14, 2018
                               ___________

Introduced  by Sens. BONACIC, MARCHIONE -- read twice and ordered print-
  ed, and when printed to be  committed  to  the  Committee  on  Racing,
  Gaming  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  funds  held  in  trust by a franchised corporation for a
  recognized horsemen's organization to be used as collateral to  secure
  workers' compensation insurance coverage

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

  Section 1.  The opening paragraph of subdivision 7 of section  221  of
the racing, pari-mutuel wagering and breeding law, as amended by section
2  of  part  SS of chapter 59 of the laws of 2017, is amended to read as
follows:
  In order to pay the costs of the insurance required  by  this  section
and  by  the workers' compensation law and to carry out its other powers
and duties and to pay for any of its  liabilities  under  section  four-
teen-a  of  the  workers'  compensation  law, the New York Jockey Injury
Compensation Fund, Inc. shall ascertain the total funding necessary  and
establish  the  sums  that  are  to  be  paid by all owners and trainers
licensed or required to be licensed under section two hundred twenty  of
this  article,  to obtain the total funding amount required annually. In
order to provide that any sum required to be paid by an owner or trainer
is equitable, the fund shall establish payment schedules  which  reflect
such  factors  as  are  appropriate,  including  where  applicable,  the
geographic location of the racing corporation  at  which  the  owner  or
trainer  participates, the duration of such participation, the amount of
any purse earnings, the number of horses involved, or such other factors
as the fund shall determine to be fair, equitable and in the best inter-
ests of racing. In no event shall the amount deducted  from  an  owner's
share  of purses exceed two per centum; provided, however, for two thou-
sand [seventeen] EIGHTEEN the New York Jockey Injury Compensation  Fund,
Inc.  may  use  up  to  two million dollars from the account established
pursuant to subdivision nine of section two hundred eight of this  arti-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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