A06124 Summary:

BILL NOA06124C
 
SAME ASSAME AS S08019
 
SPONSORPretlow
 
COSPNSRMcDonald
 
MLTSPNSR
 
Amd §509-a, RWB L
 
Relates to percent of wagers made at off-track betting facilities conducted by in-state thoroughbred racing corporations.
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A06124 Actions:

BILL NOA06124C
 
03/16/2015referred to racing and wagering
03/24/2015amend and recommit to racing and wagering
03/24/2015print number 6124a
01/06/2016referred to racing and wagering
05/27/2016amend (t) and recommit to racing and wagering
05/27/2016print number 6124b
06/03/2016amend and recommit to racing and wagering
06/03/2016print number 6124c
06/08/2016reported referred to ways and means
06/08/2016reported referred to rules
06/14/2016reported
06/14/2016rules report cal.273
06/14/2016ordered to third reading rules cal.273
06/15/2016passed assembly
06/15/2016delivered to senate
06/15/2016REFERRED TO RULES
06/17/2016SUBSTITUTED FOR S8019
06/17/20163RD READING CAL.1980
06/17/2016PASSED SENATE
06/17/2016RETURNED TO ASSEMBLY
08/08/2016delivered to governor
08/19/2016vetoed memo.211
08/19/2016tabled
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A06124 Committee Votes:

RACING AND WAGERING Chair:Pretlow DATE:06/08/2016AYE/NAY:8/3 Action: Favorable refer to committee Ways and Means
PretlowAyeGarbarinoNay
MarkeyAyeTediscoNay
GuntherAyeLawrenceNay
MillerAye
GoldfederAye
SolagesAye
WoernerAye
SantabarbaraAye

WAYS AND MEANS Chair:Farrell DATE:06/08/2016AYE/NAY:30/2 Action: Favorable refer to committee Rules
FarrellAyeOaksAye
LentolAyeCrouchAye
SchimmingerAyeBarclayAye
GanttAyeFitzpatrickNay
WeinsteinAyeSaladinoAye
GlickAyeHawleyAye
NolanExcusedDupreyExcused
PretlowAyeCorwinNay
PerryAyeMalliotakisAye
ColtonAyeWalterAye
CookAye
CahillAye
AubryAye
HooperAye
ThieleAye
WrightAye
CusickAye
OrtizAye
BenedettoAye
MarkeyAye
MoyaAye
WeprinAye
RodriguezAye
RamosExcused
BraunsteinAye

RULES Chair:Heastie DATE:06/14/2016AYE/NAY:27/0 Action: Favorable
HeastieAyeKolbAye
GottfriedAyeTediscoAye
LentolAyeOaksAye
FarrellAyeButlerAye
GanttAyeCrouchAye
NolanAyeFinchExcused
WeinsteinAyeBarclayAye
HooperAyeRaiaAye
OrtizAyeDupreyAye
PretlowAye
CookAye
GlickAye
MorelleAye
AubryAye
EnglebrightAye
WrightExcused
DinowitzExcused
ColtonAye
MagnarelliAye
PerryAye
MarkeyAye

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A06124 Floor Votes:

DATE:06/15/2016Assembly Vote  YEA/NAY: 137/5
AbbateYCrespoYGottfriedYLopezYPalumboYSimonY
AbinantiYCrouchYGrafYLupardoYPaulinYSimotasY
ArroyoYCurranYGuntherYLupinacciYPeoples-StokesYSkartadosY
AubryYCusickYHarrisYMageeYPerryYSkoufisY
BarclayYCymbrowitzYHawleyYMagnarelliYPichardoYSolagesY
BarrettYDavilaYHevesiYMalliotakisYPretlowYStecY
BarronYDenDekkerYHikindYMarkeyYQuartYSteckY
BenedettoYDilanYHooperYMayerYRaYStirpeY
BichotteYDinowitzYHunterYMcDonaldYRaiaYTediscoY
BlakeYDiPietroERHyndmanYMcDonoughYRamosYTenneyY
BlankenbushYDupreyYJaffeeYMcKevittYRichardsonYThieleY
BrabenecYEnglebrightYJean-PierreYMcLaughlinYRiveraYTitoneY
BraunsteinYFahyYJohnsYMillerYRobinsonYTitusY
BrennanERFarrellYJoynerYMontesanoYRodriguezYWalkerY
BrindisiYFinchERKatzERMorelleYRosenthalYWalterY
BronsonYFitzpatrickNOKavanaghYMosleyYRozicYWeinsteinY
BuchwaldYFriendNOKearnsYMoyaYRussellYWeprinY
ButlerYGalefYKimERMurrayYRyanYWilliamsY
CahillYGanttYKolbYNojayYSaladinoYWoernerY
CancelYGarbarinoYLalorNONolanYSantabarbaraYWozniakY
CastorinaYGiglioYLavineYOaksYSchimelYWrightY
CerettoYGjonajYLawrenceNOO'DonnellYSchimmingerYZebrowskiY
ColtonYGlickYLentolYOrtizYSeawrightYMr. SpeakerY
CookYGoldfederYLiftonYOtisYSepulvedaER
CorwinNOGoodellYLinaresYPalmesanoYSimanowitzY

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A06124 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A6124C
 
SPONSOR: Pretlow
  TITLE OF BILL: An act to amend the racing, pari-mutuel wagering and breeding law, in relation to contribution requirements for the capital acquisition fund   PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to provide statutory relief for Regional Off-Track Betting Corporations (OTBs), ensuring that they will be able to provide payments to the localities and municipalities for which they were created to help.   SUMMARY OF SPECIFIC PROVISIONS: This bill would provide that, of the amount from each OTB's contribution to its capital acquisition fund from its total pari-mutuel wagering pools on a quarterly basis, up to 75 percent of such amount may be used by the OTB for any corporate purpose. Each OTB would be required to submit a financial plan for the use of such funds to the New York State Gaming Commission for approval by September 30th of each year. Such plan would include the amount and specific use of such funds, and any additional information that the New York State Gaining Commission deems appropriate.   JUSTIFICATION: As Regional Off-Track Betting Corporations continue to consolidate services to better serve their constituencies the need for capital expenditures has been replaced with the need to modernize the consumer experience, maintain and grow jobs, as well as maximize much needed revenues for local governments. OTBs realize the importance of maintain- ing a capital acquisition fund ("CAF") and current law ensures that OTBs will have capital reserves by virtue of the 1% contribution of total pari-mutuel wagering pools on a quarterly basis. This provision would simply redistribute the 1% between retaining a CAF, and allowing for other corporate purposes, i.e. job retention and increasing municipal revenues. This provision has no impact on amounts held in existing OTB CAF accounts.   LEGISLATIVE HISTORY: New bill.   FISCAL IMPLICATION: To be determined.   EFFECTIVE DATE: This act would take effect immediately.
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A06124 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6124--C
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 16, 2015
                                       ___________
 
        Introduced  by  M.  of A. PRETLOW, McDONALD -- read once and referred to
          the Committee on Racing and Wagering  --  committee  discharged,  bill
          amended,  ordered reprinted as amended and recommitted to said commit-
          tee -- recommitted to the Committee on Racing and Wagering in  accord-
          ance  with  Assembly  Rule  3,  sec.  2  -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee  --  again  reported  from said committee with amendments, ordered
          reprinted as amended and recommitted to said committee
 
        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation to contribution requirements for the capital acquisition fund
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision 1 of section 509-a of the  racing,  pari-mutuel
     2  wagering  and breeding law, as added by chapter 681 of the laws of 1989,
     3  is amended to read as follows:
     4    (1) no contribution shall exceed the amount  of  one  percent  of  the
     5  total  pari-mutuel  wagering pools for the quarter in which the contrib-
     6  ution is made; provided, however, that up  to  seventy-five  percent  of
     7  such  amount  may  be used by the corporation for any corporate purpose,
     8  provided that:
     9    (a) such corporation is not utilizing its capital acquisition fund for
    10  corporate purposes as provided in section three of part  II  of  chapter
    11  fifty-eight of the laws of two thousand twelve; and
    12    (b) such corporation shall submit a financial plan for the use of such
    13  funds  to  the  commission  for  approval by September thirtieth of each
    14  year, which shall include the amount and specific use of such funds, and
    15  any additional information that the commission deems appropriate.
    16    § 2. This act shall take effect immediately.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09871-04-6
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