Relates to distribution of surcharges for off track winnings.
TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to the distribution of surcharges on off-track winnings
PURPOSE OR GENERAL IDEA OF BILL: To extend the current authorization for the distribution of surcharge revenues which will otherwise expire on August 31, 2012.
SUMMARY OF SPECIFIC PROVISIONS: This bill would allow the allocation of specific surcharge revenues to the same racetrack to continue for another five year period.
EFFECT ON CURRENT LAW: Changes the expiration date from August 31, 2012 to August 31, 2017, in keeping with the length of previous extensions.
JUSTIFICATION: This is more a matter of "housekeeping" than anything else. Every five years, the provision for the distribution of surcharge earnings from off track winning bets has expired. This year, 2012, is the year during which the last five year extension. expires necessitating another extension in order to continue to implement earlier agreements. Passage of the last extension was accomplished without a negative vote.
PRIOR LEGISLATIVE HISTORY: Chapter 365 of 2009 restored an inadvertent omission of the five year extension-provision from a renumbering and reordering of several racing law provisions. Same As: A.9260 Pretlow
FISCAL IMPLICATIONS: None.
EFFECTIVE DATE: September 1, 2012
STATE OF NEW YORK ________________________________________________________________________ 6932 IN SENATE April 13, 2012 ___________Introduced by Sen. KENNEDY -- 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 the distribution of surcharges on off-track winnings THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (vi) of paragraph b of subdivision 3 of section 532 of the racing, pari-mutuel wagering and breeding law, as added by chapter 365 of the laws of 2009, is amended to read as follows: (vi) for the period of September first, two thousand
[seven]TWELVE until August thirty-first, two thousand [twelve]SEVENTEEN and where the track conducting the race on which the bet was placed is a harness track located in the county of Erie, to such track. S 2. This act shall take effect September 1, 2012.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14381-01-2