Requires written consent of the New York thoroughbred horsemen's association representing at least fifty-one percent of the horsemen using the facilities of the franchised corporation prior to allocation or spending of funds from certain accounts.
STATE OF NEW YORK
________________________________________________________________________
4550
2025-2026 Regular Sessions
IN SENATE
February 6, 2025
___________
Introduced by Sen. FAHY -- read twice and ordered printed, and when
printed to be committed to the Committee on Racing, Gaming and Wager-
ing
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to distributing purse monies more equitably
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 9 of section 208 of the racing, pari-mutuel
2 wagering and breeding law is amended by adding a new paragraph (f) to
3 read as follows:
4 (f) Notwithstanding any other law to the contrary, the franchised
5 corporation or the horsemen's bookkeeper shall not allocate or spend any
6 monies from an account established pursuant to this section without the
7 prior written consent of the New York thoroughbred horsemen's associ-
8 ation representing at least fifty-one percent of the horsemen using the
9 facilities of the franchised corporation, provided however, any payment
10 obligation provided for in law from the accounts established pursuant to
11 this section shall not require written consent.
12 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07332-01-5
