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Who cares
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Sponsors
Senator · Senate District 43
No co-sponsors yet.
History
- Referred to racing, gaming 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 resources of the New York state thoroughbred breeding and development fund
In Senate Committee · Rules · Sponsor J. Gary Pretlow
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7390
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law, in relation to resources of the New York state thoroughbred breeding and development fund
Purpose
To amend § 254 of the Racing, Pari-Mutuel Wagering and Breeding Law ("Racing Law") to provide the New York State Thoroughbred Breeding and Development Fund ("Fund") with greater discretion to allocate its resources.
Summary of provisions
Section one amends the Racing Law to clarify that existing purse enrichment allocation percentages to tracks and incentives can be awarded to NY Breds regardless of the type of race it has entered (open or restricted).
Section two is the effective date.
Existing law
The existing purse enrichment provision provides that the monies allocated to purse enrichment be divided in a 60/40 proportion between the New York thoroughbred track operators.
Justification
The existing purse enrichment-related requirement that specific allotments to NY Breds running in only restricted races prevents the Fund from awarding a larger pool of NY Breds and further incentives NY breeders and owners to enter open company races.
Legislative history
New Legislation.
Fiscal implications
None noted.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.