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S6795Senate2015-2016 Session

Relates to the sharing of revenue from gaming devices located within the county of Niagara

Sponsor Robert OrttSD-62Affects Finance
Status
In Senate Committee
Finance
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Finance

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Who cares

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Sponsors

Primary sponsor
Robert Ortt

Senator · Senate District 62

Chair, Mental Health And Developmental Disabilities

No co-sponsors yet.

History

  1. Print number 6795a
  2. Amend (t) and recommit to finance
  3. Referred to finance

Full text

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

Sponsor's memo

Title of bill

An act to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara

Purpose or general idea of bill

This legislation would allocate $1.6 million from the State's share of casino funds to the Niagara County IDA to fund downtown economic development.

Summary of specific provisions

Section 1 of the bill allocates $1.6 million for downtown economic development within the city of Niagara Falls. Funds may be used but are not limited to, rehabilitation of buildings, installation of signage, training of existing or new employees, installation of machinery. Specifically states that no funds shall be allocated for general obligations and responsibilities traditionally provided by the city of Niagara Falls.

Section 2 is the effective date.

Justification

When the deal was struck to place a casino in Niagara Falls there was much hope that its placement and the funding being sent to the County would serve as a catalyst to help redevelop the downtown. Unfortunately, this vision has not been realized. This legislation seeks to focus in on downtown Niagara Falls aimed solely at economic development and job creation via the expertise of the Niagara County IDA.

Prior legislative history

New Bill.

Fiscal implications

$1.6 million to the State, however the SFY 2016-2017 included the same amount for this explicit purpose as a 1 year appropriation.

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.