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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to finance
- Referred to finance
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the state finance law, in relation to permitted uses for state aid to municipalities in which a video lottery gaming facility is located
Purpose
This bill relates to permitted uses for state aid to municipalities in which a video lottery gaming facility is located.
Summary of provisions
Section 1 Subdivision 3 of section 54 of the finance law, as amended by section 1 of part R of Chapter 57 of the laws of 2007 states state aid payments made to an eligible city shall be used to increase support for public schools in such city. Payments shall be used by such municipality to (i) defray local costs (ii) minimize or reduce real property taxes or (iii) fund highway repairs and transportation improvements.
Justification
This legislation allows funds received by municipalities through VLT revenue to be used for highway funding repairs and transportation improvements.
Legislative history
S.8795/2008 - Rules Committee
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.