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Sponsors
7 Co-sponsors
History
- Referred to racing and wagering
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the process for selection of a video lottery gaming operator at Aqueduct Raceway
In Senate Committee · Racing, Gaming And Wagering · Sponsor Martin J. Golden
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A11046
Title of bill
An act relating to the process for selection of a video lottery gaming operator at Aqueduct Raceway
Purpose
To expedite the selection of a video lottery terminal gaming operator for the Aqueduct Raceway in Queens in a mariner that is trans- parent and effective.
Summary of provisions
This bill creates an expedited, transparent, non-political process for selection of a video lottery terminal gaming operator for development and operation of video lottery terminal gaming facility at the Aqueduct Raceway in Queens. It deems the time for submission of proposals still open, and all submissions still viable pursuant to the statement and decision of the Governor as publicly announced on March 11, 2010. It then creates a process for selection of a new vendor, under the following timetable:
ACTION DATE Provision to allow submitting 10 days after effective date or amending proposals of this act
State Comptroller to recommend 10 days after effective date one of the big four accounting of this act firms as reviewer
Selection of a third party 20 days after the effective date reviewer by Governor, Speaker, of this act and Temporary President of the Senate
Transmittal of proposals to 25 days after the effective date reviewer, and revealing of this act of the names and business address of potential vendors
Recommendation by Reviewer, 40 days after the effective date and revealing of name and of this act reasons for recommendation
Public hearing 10 days after recommendation
Selection of vendor 15 days after the public hearing
Minimum bid Minimum cash component of any bid shall be $300 million, provided that nothing shall prevent a potential vendor from a larger cash component
Justification
The selection process for naming an operator has taken several years and two Governors with limited progress. The State is
facing a $9 billion SFY 2010-2011 current services deficit. Resolving the Aqueduct issue would bring much needed cash and finally get the project started. This would create hundreds of needed jobs.
Prior legislative history
New bill
Fiscal implications
Minimum of $300 million in revenue.
Effective date
The first day of the month next succeeding the day on
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.