Senate Bill S7171

2011-2012 Legislative Session

Relates to the New York State Thoroughbred Breeding and Development Fund

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Racing, Gaming And Wagering Committee

  • 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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2011-S7171 (ACTIVE) - Details

See Assembly Version of this Bill:
A9778
Current Committee:
Senate Racing, Gaming And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §254, RWB L
Versions Introduced in Other Legislative Sessions:
2013-2014: A3712
2015-2016: A1289

2011-S7171 (ACTIVE) - Summary

Relates to the New York State Thoroughbred Breeding and Development Fund.

2011-S7171 (ACTIVE) - Sponsor Memo

2011-S7171 (ACTIVE) - Bill Text download pdf 

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

                                  7171

                            I N  S E N A T E

                               May 1, 2012
                               ___________

Introduced  by Sen. McDONALD -- 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 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. The second undesignated paragraph and the closing paragraph
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:
  [All moneys of the fund in excess of seventy-five thousand dollars  on
hand  at  the end of each calendar year shall be apportioned between and
paid to the state and the regional off-track betting corporations  based
on the level of contributions to such fund during the year by the racing
corporations  and  the  regional off-track betting corporations, respec-
tively. Payment of such  money  to  the  state  and  such  corporations,
respectively, shall be made by March fifteenth of the year following the
close of such calendar year.
  That  portion  returned to the regional off-track betting corporations
shall be distributed prior to May first of such year to the  participat-
ing  local  governments within each region in the same proportion as the
net earnings of such  corporation  for  the  prior  calendar  year  were
distributed.]
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15195-01-2

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