Senate Bill S2901

Signed By Governor
2013-2014 Legislative Session

Relates to resources of the New York state thoroughbred breeding and development fund

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7156 - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2013-S2901 (ACTIVE) - Details

See Assembly Version of this Bill:
A7156
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L
Versions Introduced in 2011-2012 Legislative Session:
S7390, A10514

2013-S2901 (ACTIVE) - Summary

Relates to resources of the New York state thoroughbred breeding and development fund.

2013-S2901 (ACTIVE) - Sponsor Memo

2013-S2901 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2901

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced by Sen. MARCHIONE -- 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 resources of the New York state thoroughbred breeding and
  development fund

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

  Section 1. Subparagraph (i) of paragraph d of subdivision 2 of section
254  of the racing, pari-mutuel wagering and breeding law, as amended by
chapter 18 of the laws of 2008, is amended to read as follows:
  (i) An amount as shall be determined by the fund but not in excess  of
forty-four  percent  to provide purse moneys [for races] exclusively for
New York-breds ENTERED IN ALL RACES, the conditions of which  have  been
approved  by the fund.  Provided, however, that the fund shall set aside
forty percent of the funds allotted under  this  subdivision  to  tracks
operated  by  corporations licensed or franchised in accordance with the
provisions of section two hundred five or section  two  hundred  six  of
this  article  except  that in addition to the other amounts allotted by
the fund under this paragraph, seventy-five  percent  of  fund  revenues
derived  from  payments  received  in accordance with subdivision one of
section five hundred twenty-seven of  this  chapter  shall  be  allotted
exclusively  to  purses  at  a  track operated by a corporation licensed
under the provisions of section two hundred five of this article.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07500-01-3


              

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