What's happening
This bill requires a portion of Buffalo's gaming revenue to be allocated annually to the Michigan Street African American Heritage Corridor Commission, with the remainder used for city development and services.
Why it matters
Directs a guaranteed share of Buffalo's gaming revenue to support African American heritage. , specifically by funding the Michigan Street African American Heritage Corridor Commission, which preserves and promotes the area's historic and cultural assets—potentially boosting cultural tourism and community pride.
Caps the annual allocation to the Heritage Corridor Commission at $200,000. , ensuring the support is meaningful but also that the majority of gaming revenue remains available for general city needs, thus balancing heritage investment with broader municipal priorities.
Requires the remainder of the gaming funds to be used flexibly by Buffalo for public purposes. such as economic development, neighborhood revitalization, public health and safety, and infrastructure improvements—giving the city discretion to address pressing local priorities with these revenues.
Ensures transparency and accountability in fund management. by specifying that all interest and investment income from these gaming monies must be deposited into Buffalo’s general operating fund, potentially broadening the benefits of this revenue stream for city residents.
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Who cares
Headline styles
Fund Buffalo Heritage Corridor
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to ways and means
- Referred to ways and means
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1942
2017-2018 Regular Sessions
IN ASSEMBLY
January 17, 2017
Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Ways and Means
AN ACT to amend the state finance law, in relation to disbursing monies from the tribal-state compact revenue account fund to the city of Buffalo for disbursement to the Michigan Street African American Heritage Corridor Commission
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 99-h of the state finance law, as amended by chapter 747 of the laws of 2006, is amended by adding a new subdivision 5 to read as follows:
5. Monies which are appropriated and received each year by the state as a portion of the negotiated percentage of the net drop from electronic gaming devices the state receives in relation to the operation of a gaming facility in the city of Buffalo, which subdivision three of this section requires to be a minimum of twenty-five percent, shall be budgeted and disbursed by the city of Buffalo in the following manner:
(a) within thirty-five days upon receipt of such funds by such city, one percent of the total annual amount received in each year, not to exceed two hundred thousand dollars annually, shall be transferred to the Michigan Street African American Heritage Corridor Commission to be used for the development, preservation and promotion of the area's unique historic, cultural and natural resources; and
(b) all other monies appropriated or received for distribution pursuant to this subdivision after the transfer of money pursuant to paragraph (a) of this subdivision in each year shall be allocated to the city of Buffalo for such public purposes as are determined, by the city, to be necessary and desirable to accommodate and enhance economic development, neighborhood revitalization, public health and safety, and infrastructure improvement in such city and shall be deposited into the tribal revenue account of the city and any and all interest and income
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03217-01-7
A. 1942 2
derived from the deposit and investment of such monies shall be deposited into the general operating fund of such city.
§ 2. This act shall take effect immediately, provided, however, that the amendments to section 99-h of the state finance law made by section one of this act shall not affect the expiration of such section and shall be deemed to expire therewith.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.