NY State Senate Bill S2314

Archive: Last Bill Status - 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 (13)

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Oct 04, 2019	signed chap.343
Oct 01, 2019	delivered to governor
May 07, 2019	returned to senate passed assembly ordered to third reading cal.256 substituted for a6184
Mar 11, 2019	referred to racing and wagering delivered to assembly passed senate
Feb 04, 2019	advanced to third reading
Jan 29, 2019	2nd report cal.
Jan 28, 2019	1st report cal.64
Jan 24, 2019	referred to racing, gaming and wagering

Votes

view votes

Mar 11, 2019 - floor Vote

S2314

floor

Aye

Nay

Absent

Excused

Abstained

Jan 28, 2019 - Racing, Gaming and Wagering committee Vote

S2314

committee

Aye

Nay

Aye with Reservations

Absent

Excused

Abstained

Co-Sponsors

S2314 (ACTIVE) - Details

See Assembly Version of this Bill:: A6184
Law Section:: Racing
Laws Affected:: Amd §2, Chap 473 of 2010
Versions Introduced in Other Legislative Sessions:: 2013-2014: S7019
2015-2016: S3424
2017-2018: S3760, S7601, A9686
2021-2022: S1444, S1463

S2314 (ACTIVE) - Summary

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

S2314 (ACTIVE) - Sponsor Memo

 
BILL NUMBER: S2314

SPONSOR: ADDABBO
 
TITLE OF BILL:  An act to amend chapter 473 of the laws of 2010 amend-
ing 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. 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, estab-
lished in 1973, has helped shape the New York State thoroughbred indus-
try, 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 opera-
tion 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 addi-
tional 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:

2018: Similar to Chapter 341 of the Laws of 2018
2017: Similar to Chapter 42 of the Laws of 2017
2016: Similar to Chapter 255 of the Laws of 2016

 
FISCAL IMPLICATIONS:

None to State.

 
EFFECTIVE DATE:
This act shall take effect immediately.

S2314 (ACTIVE) - Bill Text download pdf


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

                                  2314

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 24, 2019
                               ___________

Introduced  by  Sen. ADDABBO -- 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
341 of the laws of 2018, is amended to read as follows:
  § 2. This act shall take effect immediately,  provided,  however  that
this  act  shall  expire and be deemed repealed [eight] NINE years after
the commencement of the operation of a video lottery facility  at  Aque-
duct  racetrack; provided that the chair of the New York state thorough-
bred breeding and development fund shall  notify  the  legislative  bill
drafting commission upon the occurrence of the commencement of the oper-
ation  of  a  video lottery facility at Aqueduct racetrack in order that
the commission 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.
                                                           LBD08571-01-9

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The New York State Senate

senate Bill S2314

Sponsored By

Archive: Last Bill Status - Signed by Governor

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Votes

Mar 11, 2019 - floor Vote

Floor Vote: Mar 11, 2019

Jan 28, 2019 - Racing, Gaming and Wagering committee Vote

Racing, Gaming and Wagering Committee Vote: Jan 28, 2019

Co-Sponsors

S2314 (ACTIVE) - Details

S2314 (ACTIVE) - Summary

S2314 (ACTIVE) - Sponsor Memo

S2314 (ACTIVE) - Bill Text download pdf

Comments

senate Bill S2314

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Sponsored By

Joseph P. Addabbo Jr

Archive: Last Bill Status - Signed by Governor

Your Voice

Actions

Votes

Mar 11, 2019 - floor Vote

Floor Vote: Mar 11, 2019

Jan 28, 2019 - Racing, Gaming and Wagering committee Vote

Racing, Gaming and Wagering Committee Vote: Jan 28, 2019

Co-Sponsors

Daphne Jordan

S2314 (ACTIVE) - Details

S2314 (ACTIVE) - Summary

S2314 (ACTIVE) - Sponsor Memo

S2314 (ACTIVE) - Bill Text download pdf

Comments