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History
- Referred to rules
- Referred to rules
Full text
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Sponsor's memo
BILL NUMBER:S5356
Title of bill
An act relating to the payment of aid to eligible municipalities in which a video lottery gaming facility is located
Purpose
To restore funding to the host municipalities of upstate video lottery gaming facilities.
Summary of provisions
Section 1 states that those municipalities with video lottery gaming facilities shall receive 100% of the aid that was received in the fiscal year commencing April 1, 2008.
Section 2 state the effective date.
Justification
With the enactment of local racinos, it was decided that host municipalities receive a share of revenue for serving as the host municipality. In the 2008-2009 budget, aid to municipalities pertaining to this legislation were cut by 60%. This legislation seeks to provide VLT host municipalities their payment of aid in an amount equal to 100 percent of the aid they received in 2008 prior to the enactment of the 2008-2009 budget.
Legislative history
New bill.
Fiscal implications
$4,170, 500 to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.