A10295 Summary:

BILL NOA10295
 
SAME ASSAME AS S07050
 
SPONSORPretlow
 
COSPNSRCastelli
 
MLTSPNSR
 
Amd S2, Chap 473 of 2010
 
Relates to extending the provisions relating to the New York state thoroughbred breeding and development fund until two years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
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A10295 Actions:

BILL NOA10295
 
05/18/2012referred to racing and wagering
06/05/2012reported referred to ways and means
06/13/2012reported referred to rules
06/14/2012reported
06/14/2012rules report cal.255
06/14/2012ordered to third reading rules cal.255
06/18/2012substituted by s7050
 S07050 AMEND= BONACIC
 04/25/2012REFERRED TO RACING, GAMING AND WAGERING
 06/14/2012COMMITTEE DISCHARGED AND COMMITTED TO RULES
 06/14/2012ORDERED TO THIRD READING CAL.1257
 06/14/2012PASSED SENATE
 06/14/2012DELIVERED TO ASSEMBLY
 06/14/2012referred to ways and means
 06/18/2012substituted for a10295
 06/18/2012ordered to third reading rules cal.255
 06/18/2012passed assembly
 06/18/2012returned to senate
 08/06/2012DELIVERED TO GOVERNOR
 08/17/2012SIGNED CHAP.423
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A10295 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A10295
 
SPONSOR: Pretlow
  TITLE OF BILL: An act to amend chapter 473 of the laws of 2010 amend- ing the racing, pari-mutuel wagering and breeding law relating to the New York state thoroughbred breeding and development fund, in relation to the effectiveness thereof   PURPOSE OR GENERAL IDEA OF BILL: The purpose of this legislation is to provide continued revenue to the New York State Thoroughbred Breeding & Development Fund.   SUMMARY OF SPECIFIC PROVISIONS: This bill would amend Chapter 473 of the laws of 2010 amending the racing, pari-mutuel wagering and breeding law relating to the New York State thoroughbred breeding and development fund. This section of law is scheduled to sunset on October 28, 2012. Specifically, the following provisions would be extended for an addi- tional year: o required payments to be made to the fund on a quarterly basis; o the percentage of revenue that can be allotted to breeder awards would be maintained at 65 percent; o amount of money used for promoting the breeding and raising of thoroughbred horses would be increased by one percent to an amount up to six percent; and o administrative allotments from the fund would be increased from 4 percent up to 5 percent.   JUSTIFICATION: The New York State Thoroughbred Breeding and Develop- ment Fund, established in 1973, has helped shape the New York State thoroughbred industry, making it the benchmark of thoroughbred programs around the world. For over two decades, the Fund has worked to make thoroughbred breeding and racing a vital force in New York State's econ- omy, utilizing its rich racing tradition, vast agricultural resources, and thriving tourism industry. The Fund is a public benefit corporation that oversees the registration process for foals and stallions, and distributes incentives awards to breeders, owners, and stallion owners. The incentives provided by the Fund are financed from. within the racing industry, using a small percentage of the total monies wagered through the pari-mutuel system on thoroughbred racing in New York State. Thoroughbred Breeders use this funding to invest back into breeding, thereby keeping that money in the local economy and creating mare jobs, and strengthening the horse racing industry in New York. The New York Racing and Breeding Program has evolved significantly since 1973. The goals set out for the Fund have been well accomplished, espe- cially in the last decade. However, the industry has seen significant declines in handle year after year. With that, the Fund's revenue has rapidly fallen each year placing a burden on the ability to pay awards to participants at advertised rates within the statutory cap as the Breeding Program has grown. Initially enacted as Chapter 473 of the Laws of.2010, this proposal provided some flexibility to the Thoroughbred Breeding and Development Fund. This law was slated to expire upon the commencement of the opera- tion of a video lottery facility at Aqueduct racetrack, which began operations on October 28, 2011. Chapter 175 of the Laws of 2011 extended that sunset by one year. This proposal would extend those provisions for an additional year and provide the Board of Directors of the Thorough- bred Breeding Fund the ability to allot Fund revenue based on the current state of the Thoroughbred industry. Additionally, this proposal is strictly a housekeeping modification that has no financial impact on any other organization or segment of the industry.   PRIOR LEGISLATIVE HISTORY: 2010: similar to Chapter 473 of the Laws of 2010 (A.11130A/S.7578A) 2011: Similar to Chapter 175 of the Laws of 2011 (A.7852A/S.39498)   FISCAL IMPLICATIONS: None.   EFFECTIVE DATE: Immediately.
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A10295 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10295
 
                   IN ASSEMBLY
 
                                      May 18, 2012
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Racing and Wagering
 
        AN ACT to amend chapter 473 of the laws of  2010  amending  the  racing,
          pari-mutuel  wagering  and breeding law relating to the New York state
          thoroughbred breeding and development fund, in relation to the  effec-
          tiveness thereof
 

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 2 of chapter 473 of the laws of 2010  amending  the
     2  racing,  pari-mutuel  wagering and breeding law relating to the New York
     3  state thoroughbred breeding and development fund, as amended by  chapter
     4  175 of the laws of 2011, is amended to read as follows:
     5    §  2.  This  act shall take effect immediately, provided, however that
     6  this act shall expire and be deemed repealed [one year] two years  after
     7  the  commencement  of the operation of a video lottery facility at Aque-
     8  duct racetrack; provided that the chair of the New York state  thorough-
     9  bred  breeding  and  development  fund shall notify the legislative bill
    10  drafting commission upon the occurrence of the commencement of the oper-

    11  ation of a video lottery facility at Aqueduct racetrack  in  order  that
    12  the  commission  may maintain an accurate and timely effective data base
    13  of the official text of the laws of the state of New York in furtherance
    14  of effectuating the provisions of section 44 of the legislative law  and
    15  section  70-b  of the public officers law; provided further, that effec-
    16  tive immediately the addition, amendment and/or repeal of any  rules  or
    17  regulations  necessary  for the implementation of this act on its effec-
    18  tive date are authorized and directed to be made  and  completed  on  or
    19  before such date.
    20    § 2. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15468-01-2
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