Establishes an account to promote the standardbred breeding industry.
BILL NUMBER: S7437
TITLE OF BILL : An act to amend the racing, pari-mutuel wagering and breeding law, in relation to establishing an account to promote the standardbred breeding industry
PURPOSE OR GENERAL IDEA OF BILL : To provide a secure, stable funding stream from the Agriculture and New York State Horse Breeding Development Fund to support the education, promotion and protection of the standardbred breeding industry.
SUMMARY OF SPECIFIC PROVISIONS : Section 332 Racing, Pari-mutuel Wagering and Breeding law is amended to provide a percentage of funding from the Agriculture and New York State Horse Breeding Development Fund to enhance the educational, administrative and promotional efforts of the Harness Horse Breeders of New York State.
JUSTIFICATION : The New York Sire Stakes program established in 1961, was created by the Harness Horse Breeders of New York State (HHBNY) and was the first program of its kind developed in North America and later became the model for state-bred racing programs in nearly all of the major harness racing states and provinces on the continent. HHBNY was also instrumental in establishing the Agriculture and New York State Horse Breeding Development Fund, which collects a portion of handle to redistribute to state-bred horses through the New York Sire Stakes program. Under the leadership of the Fund and in concert with HHBNY, purses for the New York Sire Stakes have grown from $300,000 in 1961 to over $13 million today.
HHBNY has a longstanding history of planning and managing the New York Sire Stakes racing program, while working to educate the public about standardbred breeding and racing in New York. For almost 50 years, the Fund has contracted with the organization to perform many of these critical functions, but the annual contracting process has become time consuming,cumbersome and has led to drastically reduced funding for HHBNY. This in turn has forced the organization to lay off staff and curtail their crucial duties. This bill seeks to remove HHBNY from yearly contract uncertainty and provide a steady, secure funding stream from the Fund to the organization so that they can best fulfill their longstanding and critical duties.
PRIOR LEGISLATIVE HISTORY : New bill.
FISCAL IMPLICATIONS TO STATE AND LOCAL GOVERNMENT : None to the General Fund.
EFFECTIVE DATE : Immediately.
STATE OF NEW YORK ________________________________________________________________________ 7437 IN SENATE April 9, 2010 ___________Introduced by Sen. ADAMS -- 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 establishing an account to promote the standardbred breed- ing industry THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 332 of the racing, pari-mutuel wagering and breeding law is amended by adding a new paragraph j to read as follows: J. AN AMOUNT EQUAL TO TWO PERCENT THEREOF IN AN ACCOUNT DESIGNATED "TO EDUCATE, PROMOTE, ADVERTISE AND PROTECT" THE STANDARDBRED BREEDING INDUSTRY BY THE NOT-FOR-PROFIT TRADE ORGANIZATION, GOVERNED BY A BOARD OF DIRECTORS ELECTED BY ITS GENERAL MEMBERSHIP, REPRESENTING THE MAJORI- TY OF STANDARDBRED HORSE BREEDERS IN NEW YORK. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16831-01-0