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A10514 Summary:

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A10514 Floor Votes:

A10514 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10514
 
                   IN ASSEMBLY
 
                                      May 30, 2012
                                       ___________
 
        Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Pretlow) --
          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 resources of the New York state thoroughbred breeding and
          development fund
 
          The People of the State of New York, represented in Senate and  Assem-

        bly, do enact as follows:
 
     1    Section 1. Subparagraph (i) of paragraph d of subdivision 2 of section
     2  254  of the racing, pari-mutuel wagering and breeding law, as amended by
     3  chapter 18 of the laws of 2008, is amended to read as follows:
     4    (i) An amount as shall be determined by the fund but not in excess  of
     5  forty-four  percent  to provide purse moneys [for races] exclusively for
     6  New York-breds entered in all races, the conditions of which  have  been
     7  approved  by the fund.  Provided, however, that the fund shall set aside
     8  forty percent of the funds allotted under  this  subdivision  to  tracks
     9  operated  by  corporations licensed or franchised in accordance with the
    10  provisions of section two hundred five or section  two  hundred  six  of
    11  this  article  except  that in addition to the other amounts allotted by

    12  the fund under this paragraph, seventy-five  percent  of  fund  revenues
    13  derived  from  payments  received  in accordance with subdivision one of
    14  section five hundred twenty-seven of  this  chapter  shall  be  allotted
    15  exclusively  to  purses  at  a  track operated by a corporation licensed
    16  under the provisions of section two hundred five of this article.
    17    § 2. This act shall take effect immediately.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15725-01-2