Provides that the winnings from off-track betting, remaining unclaimed by April 1 each year, shall become part of the regional off-track betting corporation's operating account.
STATE OF NEW YORK
________________________________________________________________________
2488
2019-2020 Regular Sessions
IN ASSEMBLY
January 23, 2019
___________
Introduced by M. of A. FAHY -- read once and referred to the Committee
on Racing and Wagering
AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
relation to unclaimed winnings and refunds from off-track pari-mutuel
betting; and to repeal subdivision 2 of section 529 of such law relat-
ing thereto
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 529 of the racing, pari-mutuel
2 wagering and breeding law is REPEALED, and a new subdivision 2 is added
3 to read as follows:
4 2. The balance of such account remaining unclaimed as of the first of
5 April each year shall be transferred to the regional corporation's oper-
6 ating account and may be used for any corporate purpose.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02289-01-9
