Relates to payments in support of racing — Finger Lakes Purse Protection

S01003 Summary:

Relates to payments in support of racing; sets up a fee applicants must pay if they are issued a gaming facility license and they do not possess either a pari-mutuel wagering license or franchise award.

Resolves regional impediment to Finger Lakes Gaming & Race Track and del Lago Resort & Casino structuring revenue stream parity for racing purses and Breeders’ Fund revenue.

BILL NO S01003
SAME AS No Same As
SPONSOR BONACIC
COSPNSR AVELLA
Amd §1355, RWB L

Go to top


S01003 Actions:

BILL NO S01003
01/06/2017 REFERRED TO EDUCATION
01/12/2017 COMMITTEE DISCHARGED AND COMMITTED TO RACING, GAMING AND WAGERING

 


S01003 Text:

 
STATE OF NEW YORK
1003
2017-2018 Regular Sessions
 
                    IN SENATE
 
                                     January 6, 2017
                                       ___________
 
        Introduced  by  Sens. BONACIC, AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Education
 
        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law, in relation to payments in support of racing
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 2 of section 1355 of  the  racing,  pari-mutuel
     2  wagering  and breeding law, as added by chapter 174 of the laws of 2013,
     3  is amended to read as follows:
     4    2. If an applicant that does not possess either a pari-mutuel wagering
     5  license or franchise awarded pursuant to article two or  three  of  this
     6  chapter  is  issued  a gaming facility license pursuant to this article,
     7  the licensee shall pay:
     8    (a) an amount to horsemen for purses at the licensed racetracks in the
     9  region and in the case of region five  any  licensed  racetracks  within
    10  fifty  miles  of  the  licensee's  facility,  that will assure the purse
    11  support from video lottery gaming facilities in the region  and  in  the
    12  case  of  region five any such licensed racetracks within fifty miles of
    13  the licensee's facility, to the licensed racetracks in the region and in
    14  the case of region five any such facilities within fifty  miles  of  the
    15  licensee's facility, to be maintained at the same dollar levels realized
    16  in  two thousand thirteen to be adjusted by the consumer price index for
    17  all urban consumers, as published annually by the United States  depart-
    18  ment of labor bureau of labor statistics; and
    19    (b)  amounts  to  the  agricultural  and New York state horse breeding
    20  development fund and the New York state thoroughbred breeding and devel-
    21  opment fund to maintain payments from video lottery gaming facilities in
    22  the region and in the case of region five  any  such  facilities  within
    23  fifty  miles  of the licensee's facility, to such funds to be maintained
    24  at the same dollar levels  realized  in  two  thousand  thirteen  to  be
    25  adjusted  by  the  consumer  price  index  for  all  urban consumers, as
    26  published annually by the United States department of  labor  bureau  of
    27  labor statistics.
    28    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04129-01-7