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Assembly Bill A8838A

2025-2026 Legislative Session

Relates to the New York state thoroughbred breeding and development fund

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Current Bill Status - In Assembly Committee

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Bill Amendments

2025-A8838 - Details

See Senate Version of this Bill:
S8351
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L

2025-A8838 - Summary

Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars.

2025-A8838 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8838
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 9, 2025
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to increasing the limit on the balance of the New York state
   thoroughbred breeding and development fund

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  second  undesignated  paragraph  of subdivision 2 of
 section 254 of the racing, pari-mutuel wagering  and  breeding  law,  as
 amended  by  chapter  18  of  the  laws  of  2008, is amended to read as
 follows:
   All moneys of the fund in excess of [seventy-five] FIVE HUNDRED  thou-
 sand  dollars  on  hand at the end of each calendar year shall be appor-
 tioned between and paid to the state and the regional off-track  betting
 corporations based on the level of contributions to such fund during the
 year  by  the  racing  corporations  and  the regional off-track betting
 corporations, respectively. Payment of such money to the state and  such
 corporations, respectively, shall be made by March fifteenth of the year
 following the close of such calendar year.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13199-01-5

2025-A8838A (ACTIVE) - Details

See Senate Version of this Bill:
S8351
Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L

2025-A8838A (ACTIVE) - Summary

Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars.

2025-A8838A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8838--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 9, 2025
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee on Racing 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 the New York state thoroughbred breeding  and  development
   fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The second  undesignated  paragraph  of  subdivision  2  of
 section  254  of  the  racing, pari-mutuel wagering and breeding law, as
 amended by chapter 18 of the  laws  of  2008,  is  amended  to  read  as
 follows:
   All  moneys of the fund in excess of [seventy-five] FIVE HUNDRED thou-
 sand dollars on hand at the end of each calendar year  shall  be  appor-
 tioned  between and paid to the state and the regional off-track betting
 corporations based on the level of contributions to such fund during the
 year by the racing  corporations  and  the  regional  off-track  betting
 corporations,  respectively. Payment of such money to the state and such
 corporations, respectively, shall be made by March fifteenth of the year
 following the close of such calendar year.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13199-02-5

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