STATE OF NEW YORK
________________________________________________________________________
9575
IN ASSEMBLY
January 21, 2026
___________
Introduced by M. of A. WOERNER -- read once and referred to the Commit-
tee on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to requiring annual reports to the governor and the legisla-
ture by the franchise oversight board
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subparagraph (xii) of paragraph a of subdivision 8 of
2 section 212 of the racing, pari-mutuel wagering and breeding law, as
3 amended by chapter 18 of the laws of 2008, is amended to read as
4 follows:
5 (xii) [report annually] file a mandatory annual report to the governor
6 and the legislature[, beginning] no later than December thirty-first[,
7 two thousand eight,] of each year stating its findings and recommenda-
8 tions to implement policy and legislative changes necessary to encourage
9 the continuation of high quality thoroughbred racing in New York state
10 and to protect the legitimate interests of the state and the thorough-
11 bred racing industry. Such report shall include, at a minimum:
12 (A) a summary of the franchise oversight board's activities during the
13 preceding year;
14 (B) an analysis of the franchised corporation's financial performance
15 and operation of thoroughbred racing and pari-mutuel wagering at the
16 racetracks;
17 (C) whether the franchised corporation has complied with the defini-
18 tive documents that compromise the franchise agreement between the fran-
19 chised corporation and the state of New York, and whether it has
20 complied with the laws, rules and regulations governing its activities;
21 (D) whether the franchise oversight board has notified the franchised
22 corporation of any material breach of performance standards;
23 (E) an identification of policy and regulatory challenges;
24 (F) specific legislative and regulatory recommendations; and
25 (G) any other matters the franchise oversight board deems relevant to
26 its oversight responsibilities;
27 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14374-01-6
