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NY A01497
Bill
Status
1/10/2011
Primary Sponsor
James Tedisco
Click for details
AI Summary
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Reduces the maximum percentage of lottery revenues that can be used for lottery operating expenses and agent compensation from 15% to 12.5% of total ticket sales
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Allocates 2.5% of all lottery funds to cities, towns, and villages with populations under 1 million, distributed proportionally based on each municipality's population relative to the state's population (excluding New York City)
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Requires lottery education funding to be additional to any other state aid appropriated for schools, with all school district aid calculated as if lottery revenues do not exist
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Takes effect on April 1st following the date the bill becomes law
Legislative Description
Alters the distribution of proceeds from the state lottery to provide for the distribution of 2 1/2 per cent of amounts realized therefrom to cities, towns and villages based upon total lottery sales, in an amount which bears the same proportion to the total amount for which lottery tickets are sold during the fiscal year as the population of such cities, towns or villages bears to the population of the state, excluding however the city of New York.
Last Action
held for consideration in ways and means
6/19/2012