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Senate Bill S6357

2025-2026 Legislative Session

Sets compensation and maximum compensation for the boards of directors of off-track betting corporations

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Sponsored By

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

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2025-S6357 (ACTIVE) - Details

Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §502, RWB L

2025-S6357 (ACTIVE) - Summary

Increases compensation and maximum compensation for the boards of directors of off-track betting corporations.

2025-S6357 (ACTIVE) - Sponsor Memo

2025-S6357 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6357
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 11, 2025
                                ___________
 
 Introduced by Sens. MARTINEZ, ADDABBO -- read twice and ordered printed,
   and  when  printed  to be committed to the Committee on Racing, Gaming
   and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  setting  compensation  and  maximum compensation for the
   boards of directors of off-track betting corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  10 of section 502 of the racing, pari-mutuel
 wagering and breeding law, as added by chapter 462 of the laws of  2000,
 is amended to read as follows:
   10.  a.  The  directors  may  receive a sum of [two hundred fifty] ONE
 THOUSAND dollars for each day or part thereof  spent  in  attendance  at
 meetings  held in accordance with subdivision eight of this section, but
 not to exceed [twenty-five hundred] FIFTEEN THOUSAND dollars during  any
 one year.
   b.  The  directors may receive a sum of [one] FIVE hundred dollars for
 each day or part thereof at meetings other than those defined in  subdi-
 vision  eight  of  this  section  or otherwise in the work of the corpo-
 ration; provided that such activities are approved by the  board  [as  a
 whole].    Such  additional  expenses shall not exceed [fifteen hundred]
 FIVE THOUSAND dollars in any calendar year.
   c. The [chairman] CHAIR of the board elected in accordance with subdi-
 vision one of this section  shall  receive  additional  compensation  of
 [one]  FIVE thousand dollars per year to cover those expenses and activ-
 ities associated with such office.
   d. In addition, the directors shall be reimbursed for their actual and
 necessary expenses incurred in the performance of their official duties.
   e. Any expenses incurred by a director in excess of  those  authorized
 by  paragraph  d  of this subdivision shall be the responsibility of the
 appointing political  subdivision,  payable  on  vouchers  certified  or
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09942-01-5

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