Provides that $1,600,000 of any funds from gaming devices located within the county of Niagara shall be transferred to the Niagara county industrial development agency for use to fund downtown economic development initiatives within the city of Niagara Falls.
STATE OF NEW YORK
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652
2023-2024 Regular Sessions
IN SENATE
January 5, 2023
___________
Introduced by Sen. ORTT -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
AN ACT to amend the state finance law, in relation to the sharing of
revenue from gaming devices located within the county of Niagara
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 99-h of the state finance law, as added by section
2 3 of part B of chapter 383 of the laws of 2001, is amended by adding a
3 new subdivision 3-b to read as follows:
4 3-b. One million six hundred thousand dollars of any funds actually
5 received by the state pursuant to subdivision two of this section, after
6 transfer to the general fund, shall be transferred to the Niagara county
7 industrial development agency for use to fund downtown economic develop-
8 ment initiatives within the city of Niagara Falls including, but not
9 limited to, the rehabilitation of buildings, installation of signage,
10 training of existing or new employees in techniques related to their
11 industry, and installation of appropriate industry related machinery,
12 but shall not include general obligations and responsibilities tradi-
13 tionally provided by the city of Niagara Falls.
14 § 2. This act shall take effect immediately; provided, however, that
15 the amendments to section 99-h of the state finance law made by section
16 one of this act shall survive the expiration and reversion of such
17 section pursuant to chapter 747 of the laws of 2006.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03401-01-3
