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Senate Bill S4865

2025-2026 Legislative Session

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

download bill text pdf

Sponsored By

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

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2025-S4865 (ACTIVE) - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §529, RWB L
Versions Introduced in 2023-2024 Legislative Session:
S9567

2025-S4865 (ACTIVE) - Summary

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.

2025-S4865 (ACTIVE) - Sponsor Memo

2025-S4865 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4865
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             February 13, 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 the authority of the capital district  regional  off-track
   betting corporation to retain and disburse certain uncashed tickets
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 529 of the racing, pari-mutuel wagering and  breed-
 ing law is amended by adding a new subdivision 3 to read as follows:
   3.  NOTWITHSTANDING  SUBDIVISION  TWO  OF THIS SECTION, FOR A REGIONAL
 OFF-TRACK BETTING CORPORATION THAT IS COMPRISED IN THE CAPITAL DISTRICT,
 ONE HUNDRED PERCENT OF THE BALANCE OF SUCH ACCOUNT  REMAINING  UNCLAIMED
 AS  OF THE LAST DAY OF FEBRUARY OF SUCH YEAR SHALL BE DISTRIBUTED PURSU-
 ANT TO SECTION FIVE HUNDRED SIXTEEN OF  THIS  CHAPTER  TO  PARTICIPATING
 COUNTIES COMPRISING THE CAPITAL DISTRICT CORPORATION BY MARCH FIFTEENTH.
 A  PENALTY  OF  FIVE PERCENT AND INTEREST AT THE RATE OF ONE PERCENT PER
 MONTH FROM THE DUE DATE TO THE DATE OF PAYMENT OF THE UNCLAIMED  BALANCE
 DUE  APRIL  FIRST SHALL BE PAYABLE IN CASE SUCH BALANCE IS NOT PAID WHEN
 DUE UNDER THIS SECTION.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09491-01-5

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