S2139-2011 Actions

• Apr 30, 2012: ADVANCED TO THIRD READING
• Apr 26, 2012: 2ND REPORT CAL.
• Apr 25, 2012: 1ST REPORT CAL.577
• Jan 5, 2012: PRINT NUMBER 2139A
• Jan 5, 2012: AMEND AND RECOMMIT TO FINANCE
• Jan 4, 2012: REFERRED TO FINANCE
• Jan 18, 2011: REFERRED TO FINANCE

S2139-2011 Memo

BILL NUMBER:S2139

TITLE OF BILL:
An act
to amend the state finance law, in relation to permitted uses for state
aid to municipalities in which a video lottery gaming facility is
located

PURPOSE:
This bill relates to permitted uses for state aid to
municipalities in which a video lottery gaming facility is located.

SUMMARY OF PROVISIONS:
Section 1 Subdivision 3 of section 54 of the
the laws of 2009 is amended to include funding highway repairs and
transportation improvements among the approved uses of State aid
from VLT revenues by eligible municipalities.

Section 2: Effective Date.

JUSTIFICATION:
This legislation allows funds received by
municipalities through VLT revenue to be used for highway funding
repairs and transportation improvements.

LEGISLATIVE HISTORY:
S.2887 of 2009: Referred to Finance
S.8795 of 2008: Referred to Rules

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
Immediately.

S2139-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                         2139
 2011-2012 Regular Sessions
 I N  SENATE
 January 18, 2011
 
 Introduced  by  Sen. BONACIC -- read twice and ordered printed, and when
 printed to be committed to the Committee on Finance
 

AN ACT to amend the state finance law, in relation to permitted uses for
 state aid to municipalities in which a video lottery  gaming  facility
 is located
 

THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section 1. Subdivision 3 of section 54-l of the state finance law,  as
 amended  by  section  1 of part KK of chapter 56 of the laws of 2009, is
 amended to read as follows:

 3. a. State aid payments made to an eligible city  pursuant  to  para
 graph  a  of  subdivision  two of this section shall be used to increase
 support for public schools in such city.
 b. State aid payments made to an  eligible  municipality  pursuant  to
 paragraph  b  of  subdivision  two of this section shall be used by such
 eligible municipality to: (i) defray local costs associated with a video
 lottery gaming facility[, or]; (ii) minimize  or  reduce  real  property
 taxes; OR (III) FUND HIGHWAY REPAIRS AND TRANSPORTATION IMPROVEMENTS.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01421-01-1

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