Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
Racing regulation account
State Finance (STF) CHAPTER 56, ARTICLE 6
§ 99-i. Racing regulation account. 1. There is hereby established in
the joint custody of the comptroller and the gaming commission a special
revenue fund to be known as the "racing regulation account".

2. The racing regulation account shall consist of all money received
by the commission as regulatory fees and market origin fees pursuant to
the provisions of the racing, pari-mutuel wagering and breeding law.

3. Moneys of this account shall be available to the commission to pay
for the costs of carrying out the purposes of the racing, pari-mutuel
wagering and breeding law; provided, however, an amount equal to five
percent of the amount received by the account from the market origin fee
imposed by subdivision six of section one thousand twelve-a of the
racing, pari-mutuel wagering and breeding law shall be transferred to
the state department of taxation and finance and the department shall
deem this transfer as a payment of a pari-mutuel tax.

4. All payments from the fund shall be made on the audit and warrant
of the comptroller.