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S5239Senate2015-2016 SessionSame asA7498

Authorizes additional forms of games of chance currency for certain games of chance licensees

Sponsor Rich FunkeSD-55Affects Economy
Status
In Assembly Committee
Racing And Wagering
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Racing And Wagering

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Who cares

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Sponsors

Primary sponsor
Rich Funke

Senator · Senate District 55

Chair, Elections

No co-sponsors yet.

History

  1. Referred to racing and wagering
  2. Delivered to assembly
  3. Passed senateVote 59–2
  4. Ordered to third reading cal.1614
  5. Committee discharged and committed to rules
  6. Reported and committed to finance
  7. Referred to racing, gaming and wagering
  8. Reported and committed to finance
  9. Print number 5239a
  10. Amend and recommit to racing, gaming and wagering
  11. 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.

A7498Assembly

Authorizes additional forms of games of chance currency for certain games of chance licensees

In Assembly Committee · Racing And Wagering · Sponsor J. Gary Pretlow

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S5239A

Title of bill

An act to amend the general municipal law, in relation to authorizing additional forms of games of chance currency for certain games of chance licensees

Purpose

To allow the New York State Gaming Board to review and approve additional acceptable forms of payment for Games of Chance.

Summary of provisions

Section 1: Adds "any other form of payment approved by the commission" to the definition of Games of chance currency.

Section 2: Sets the effective date.

Existing law

Currently, Games of Chance currency only includes legal tender, or a form of scrip or chip authorized by the board.

Justification

Community based organizations that take part in charitable gaming make positive impacts in the communities they represent. These organizations continuously host charitable gaming activities but are limited in the forms of currency they may accept. By allowing this legislation to become law, we are expanding opportunities for these community groups to keep participants involved while potentially increasing revenue for the charitable gaming organizations.

Some charitable organizations currently accept personal checks as a form of common practice, but in doing so are in violation of the law and are susceptible to fines by the government. Similar situations may come about as technology advances and online payment systems gain more popularity due to their convenience. It is important that the Gaming Board has the opportunity to review and approve additional forms of payment in order to stay relevant with the evolving times and technology. We should not be punishing these organizations, as the money they generate is used to further their charitable mission, resulting in a wide variety of much needed services being provided to countless individuals.

Legislative history

New Bill.

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.