Provides that $1,600,000 of any funds from gaming devices located within the county of Niagara shall be transferred to the Niagara county industrial development agency for use to fund downtown economic development initiatives within the city of Niagara Falls.
STATE OF NEW YORK
________________________________________________________________________
2034
2025-2026 Regular Sessions
IN SENATE
January 15, 2025
___________
Introduced by Sen. ORTT -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to the sharing of
revenue from gaming devices located within the county of Niagara
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 99-h of the state finance law, as added by section
2 3 of part B of chapter 383 of the laws of 2001, is amended by adding a
3 new subdivision 3-b to read as follows:
4 3-b. One million six hundred thousand dollars of any funds actually
5 received by the state pursuant to subdivision two of this section, after
6 transfer to the general fund, shall be transferred to the Niagara county
7 industrial development agency for use to fund downtown economic develop-
8 ment initiatives within the city of Niagara Falls including, but not
9 limited to, the rehabilitation of buildings, installation of signage,
10 training of existing or new employees in techniques related to their
11 industry, and installation of appropriate industry related machinery,
12 but shall not include general obligations and responsibilities tradi-
13 tionally provided by the city of Niagara Falls.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01629-01-5
