Senate Bill S3564

2023-2024 Legislative Session

Prohibits certain financial assistance to gaming facilities

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Racing, Gaming And Wagering 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2023-S3564 (ACTIVE) - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §§1315 & 1301, RWB L; amd §862, Gen Muni L; add §2879-d, Pub Auth L
Versions Introduced in Other Legislative Sessions:
2017-2018: S6919
2019-2020: S2727
2021-2022: S1475

2023-S3564 (ACTIVE) - Summary

Prohibits the minimum capital investment for a gaming facility from including certain tax expenditures, disposition of publicly owned property, grants or loans awarded by all state and municipal granting bodies, and certain development assistance programs.

2023-S3564 (ACTIVE) - Sponsor Memo

2023-S3564 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3564
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 1, 2023
                                ___________
 
 Introduced  by  Sen. KRUEGER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Racing, Gaming and  Wager-
   ing
 
 AN  ACT  to amend the racing, pari-mutuel wagering and breeding law, the
   general municipal law and the public authorities law, in relation to a
   prohibition of certain financial assistance to gaming facilities
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  1 of section 1315 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:
   1.  The  board  shall  establish  the minimum capital investment for a
 gaming facility by zone and region. SUCH CAPITAL  INVESTMENT  SHALL  NOT
 INCLUDE  ANY FINANCIAL ASSISTANCE AS DEFINED IN SECTION THIRTEEN HUNDRED
 ONE OF THIS ARTICLE FROM  THE  STATE,  ANY  STATE  OR  LOCAL  AUTHORITY,
 INCLUDING  WITHOUT  LIMITATION  LOCAL  DEVELOPMENT  CORPORATIONS, OR ANY
 POLITICAL SUBDIVISIONS OF THE STATE. Such investment shall include,  but
 not  be  limited  to,  a casino area, at least one hotel and other amen-
 ities; and provided further, that the board shall determine  whether  it
 will  include  the  purchase or lease price of the land where the gaming
 facility will be located or any infrastructure designed to  support  the
 site including, but not limited to, drainage, utility support, roadways,
 interchanges,  fill  and  soil  or  groundwater or surface water contam-
 ination issues. The board may consider private capital  investment  made
 previous  to  the  effective  date  of  this  section,  but  may, in its
 discretion, discount a percentage of the investment made. Upon award  of
 a  gaming  license by the commission, the applicant shall be required to
 deposit ten percent of the total investment proposed in the  application
 into  an  interest-bearing account.   Monies received from the applicant
 shall be held in escrow  until  the  final  stage  of  construction,  as
 detailed  in  the timeline of construction submitted with the licensee's
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05563-01-3
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.