Senate Bill S6262

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6262
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                               March 7, 2025
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- 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 prohibiting regional off-track betting  corporations  from
   providing  items of value exceeding fifteen dollars to certain associ-
   ates of the corporation
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  racing,  pari-mutuel  wagering  and  breeding law is
 amended by adding a new section 503-b to read as follows:
   § 503-B. PROMOTIONAL SPENDING RESTRICTED FROM CORPORATION  ASSOCIATES.
 NO  REGIONAL  OFF-TRACK  BETTING CORPORATION OR ANY SUBSIDIARY WHOLLY OR
 PARTIALLY CONTROLLED BY SUCH  REGIONAL  OFF-TRACK  BETTING  CORPORATION,
 INCLUDING  BUT  NOT  LIMITED TO VIDEO LOTTERY TERMINAL FACILITIES, SHALL
 MAKE AVAILABLE TO ANY BOARD MEMBER, OFFICER, OR EMPLOYEE OF  THE  CORPO-
 RATION, ANY CONTRACTOR, SUBCONTRACTOR, CONSULTANT, OR OTHER AGENT OF THE
 CORPORATION,  OR  ANY  SPOUSE,  CHILD, SIBLING OR PARENT RESIDING IN THE
 PRINCIPAL PLACE OF ABODE OF ANY OF THE FOREGOING PERSONS, OR  ANY  BUSI-
 NESS,  PROFESSIONAL,  OR  PERSONAL  ASSOCIATES  OF  ANY OF THE FOREGOING
 PERSONS, ANY EVENT TICKETS, BEVERAGES, FOOD, OR  OTHER  THING  OF  VALUE
 THAT  EXCEEDS A VALUE OF FIFTEEN DOLLARS, EXCEPT AS OTHERWISE EXPLICITLY
 PROVIDED IN THIS CHAPTER. THIS LIMITATION SHALL APPLY, BUT NOT BE LIMIT-
 ED TO, THE MARKETING PLAN AND PROMOTIONAL ACTIVITIES OF THE CORPORATION.
 ALL PROMOTIONAL AND MARKETING ACTIVITIES OF  THE  CORPORATION  SHALL  BE
 SUBJECT  TO APPROVAL AND OVERSIGHT BY THE GAMING COMMISSION, WHICH SHALL
 ENSURE THAT SUCH  MARKETING  PLAN  AND  ACTIVITIES  OF  THE  CORPORATION
 PROHIBIT SELF-DEALING.
   § 2. Section 517 of the racing, pari-mutuel wagering and breeding law,
 as  amended  by  chapter  243 of the laws of 2020, is amended to read as
 follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01752-01-5
              

 S. 6262                             2
 
   § 517. Annual reports. In addition to the reports required by  article
 five-a  of this chapter, within one hundred twenty days after the end of
 the fiscal year of the corporation, the directors thereof  shall  submit
 to  the  participating counties, the commission, THE TEMPORARY PRESIDENT
 OF  THE SENATE, THE SPEAKER OF THE ASSEMBLY, and the state comptroller a
 complete and detailed audited report setting forth:
   1. its operations and accomplishments during such fiscal year;
   2. its receipts and expenditures during such fiscal year in accordance
 with categories or classifications established by  the  corporation  for
 its own operating and capital outlay purposes;
   3. its assets and liabilities at the end of such fiscal year including
 a  schedule  of  its bonds, notes or other obligations and the status of
 reserves, depreciations, special, sinking or other funds;
   4. details of branch offices being planned or in the process of  being
 constructed  or  otherwise established and branch offices that have been
 constructed or established;
   5. DETAILS OF ITS MARKETING AND PROMOTIONAL PLANS,  THE  STRUCTURE  OF
 SUCH PLANS, ANY SPENDING PURSUANT TO SUCH PLANS, AND HOW SUCH PLANS HAVE
 OR  ARE  ANTICIPATED TO BENEFIT THE OPERATIONS AND FINANCIAL POSITION OF
 THE CORPORATION, AS WELL AS ANY MEASURES TAKEN TO PROHIBIT  SELF-DEALING
 IN CONFLICT OF SECTION FIVE HUNDRED THREE-B OF THIS ARTICLE; and
   [5] 6. such other information relating to the operations of the corpo-
 ration  as shall be deemed pertinent by the directors, the participating
 counties, the commission, and the state comptroller.
   § 3. This act shall take effect on the sixtieth  day  after  it  shall
 have become a law.