Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.
STATE OF NEW YORK
________________________________________________________________________
4865
2025-2026 Regular Sessions
IN SENATE
February 13, 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 the authority of the capital district regional off-track
betting corporation to retain and disburse certain uncashed tickets
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 529 of the racing, pari-mutuel wagering and breed-
2 ing law is amended by adding a new subdivision 3 to read as follows:
3 3. Notwithstanding subdivision two of this section, for a regional
4 off-track betting corporation that is comprised in the capital district,
5 one hundred percent of the balance of such account remaining unclaimed
6 as of the last day of February of such year shall be distributed pursu-
7 ant to section five hundred sixteen of this chapter to participating
8 counties comprising the capital district corporation by March fifteenth.
9 A penalty of five percent and interest at the rate of one percent per
10 month from the due date to the date of payment of the unclaimed balance
11 due April first shall be payable in case such balance is not paid when
12 due under this section.
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09491-01-5
