Senate Bill S4550

2025-2026 Legislative Session

Relates to distributing purse monies more equitably

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

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2025-S4550 (ACTIVE) - Details

See Assembly Version of this Bill:
A3680
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §208, RWB L
Versions Introduced in 2023-2024 Legislative Session:
A10615

2025-S4550 (ACTIVE) - Summary

Requires written consent of the New York thoroughbred horsemen's association representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation prior to allocation or spending of funds from certain accounts.

2025-S4550 (ACTIVE) - Sponsor Memo

2025-S4550 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4550
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 6, 2025
                                ___________
 
 Introduced  by  Sen.  FAHY  --  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, in
   relation to distributing purse monies more equitably

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  9  of section 208 of the racing, pari-mutuel
 wagering and breeding law is amended by adding a new  paragraph  (f)  to
 read as follows:
   (F)  NOTWITHSTANDING  ANY  OTHER  LAW  TO THE CONTRARY, THE FRANCHISED
 CORPORATION OR THE HORSEMEN'S BOOKKEEPER SHALL NOT ALLOCATE OR SPEND ANY
 MONIES FROM AN ACCOUNT ESTABLISHED PURSUANT TO THIS SECTION WITHOUT  THE
 PRIOR  WRITTEN  CONSENT  OF THE NEW YORK THOROUGHBRED HORSEMEN'S ASSOCI-
 ATION REPRESENTING AT LEAST FIFTY-ONE PERCENT OF THE HORSEMEN USING  THE
 FACILITIES  OF THE FRANCHISED CORPORATION, PROVIDED HOWEVER, ANY PAYMENT
 OBLIGATION PROVIDED FOR IN LAW FROM THE ACCOUNTS ESTABLISHED PURSUANT TO
 THIS SECTION SHALL NOT REQUIRE WRITTEN CONSENT.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07332-01-5



              

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