Bill S2139A-2011

Relates to permitted uses for state aid to municipalities in which a video lottery gaming facility is located

Relates to permitting state aid provided to municipalities in which a video lottery gaming facility is located to be used for transportation improvements and highway repairs.

Details

Actions

  • Jun 19, 2012: referred to ways and means
  • Jun 19, 2012: DELIVERED TO ASSEMBLY
  • Jun 19, 2012: PASSED SENATE
  • 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

Meetings

Calendars

Votes

Memo

BILL NUMBER:S2139A

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 finance law, as added by section 1 of part J of Chapter 57 of the laws of 2011 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.


Text

STATE OF NEW YORK ________________________________________________________________________ 2139--A 2011-2012 Regular Sessions IN SENATE January 18, 2011 ___________
Introduced by Sen. BONACIC -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- recommitted to the Committee on Finance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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 added by section 1 of part J of chapter 57 of the laws of 2011, 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.

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