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Sponsors
Senator · Senate District 42
1 Co-sponsor
History
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.1172
- Reported and committed to finance
- Reported
- Referred to racing, gaming and wagering
- Referred to racing, gaming and wagering
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4367
Title of bill
An act to amend the racing, pari-mutuel wagering and breeding law, in relation to payments in support of racing
Purpose or general idea of bill
To ensure that purse support funding, funding for the New York State Horse Breeding and Development Fund and funding for the New York State Thoroughbred Breeding and Development Fund provided by video lottery gaming are maintained at 2013 levels (as adjusted for inflation) for licensed racetracks within 50 miles of a casino to be located in the Eastern Southern Tier Region (Region 5).
Summary of specific provisions
Section 1: Amends subdivision 2 of section 1355 of the Racing, Pari-Mutuel Wagering and Breeding Law to provide that an applicant for a casino license in the Eastern Southern Tier Region (Region 5) shall be required to pay an amount to ensure purse support funding, funding for the New York State Horse Breeding and Development Fund and funding for the New York State Thoroughbred Breeding and Development Fund provided by video lottery gaining are maintained at 2013 levels (as adjusted for inflation) for licensed racetracks within 50 miles of their location.
Section 2: Effective date.
Justification
The Upstate New York Gaming Economic Development Act of 2013 (Chapter 174 of 2013) provided the statutory framework for the casino site selection process and the operations of the new casinos. As part of this, section 1355 of the Racing, Pari-Mutuel Wagering and Breeding Law required casino license winners to "hold harmless" purse support payments to the horsemen and payments to the breeding funds at racetracks located within their region. However, with the selection by the Gaining Facility Location Board of an applicant in the Finger Lakes Region, which is located in close proximity to a racetrack that is not protected by this provision as it is not in the same "Region," this legislation becomes necessary to protect theses support payments.
Legislative history
New bill.
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.