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Assembly Bill A8400

2019-2020 Legislative Session

Relates to racing support payments for certain gaming facility licensees

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Archive: Last Bill Status - In Assembly Committee

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2019-A8400 (ACTIVE) - Details

See Senate Version of this Bill:
S6562
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §1355, RWB L
Versions Introduced in 2021-2022 Legislative Session:
A281

2019-A8400 (ACTIVE) - Summary

Requires certain gaming facility licensees to make racing support payments to licensed racetracks in their region and the NYS horse breeding development fund and NYS thoroughbred breeding and development fund.

2019-A8400 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8400
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 15, 2019
                                ___________
 
 Introduced  by M. of A. STECK -- read once and referred to the Committee
   on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation to racing support payments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 2 of section 1355 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:
   2. If an applicant that does not possess either a pari-mutuel wagering
 license or franchise awarded pursuant to article two or  three  of  this
 chapter  is  issued  a gaming facility license pursuant to this article,
 the licensee shall pay FIFTY PERCENT OF:
   (a) an amount to horsemen for purses at the licensed racetracks in the
 region that will assure the purse  support  from  video  lottery  gaming
 facilities  in the region to the licensed racetracks in the region to be
 maintained at the same dollar levels realized in [two thousand  thirteen
 to  be  adjusted by the consumer price index for all urban consumers, as
 published annually by the United States department of  labor  bureau  of
 labor statistics] TWO THOUSAND NINETEEN; and
   (b)  amounts  to  the  agricultural  and New York state horse breeding
 development fund and the New York state thoroughbred breeding and devel-
 opment fund to maintain payments from video lottery gaming facilities in
 the region to such funds to be maintained  at  the  same  dollar  levels
 realized  in [two thousand thirteen to be adjusted by the consumer price
 index for all urban consumers,  as  published  annually  by  the  United
 States  department  of  labor  bureau  of labor statistics] TWO THOUSAND
 NINETEEN.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13391-01-9

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