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History
- Referred to racing, gaming and wagering
Full text
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BILL NUMBER:S2421
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law, in relation to providing funding to support education, promotion and protection of the standardbred breeding industry
Purpose
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 provisions
Section 332 Racing Pari-mutual 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 the 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 a 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 layoff staff and curtail their critical 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
Existing law
2010: S.7146 Held in Racing, Gaming & Wagering
Fiscal implications
None to the General Fund.
Effective date
This act shall a take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.