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NY A09294
Bill
Status
7/18/2012
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Extends the two percent withholding period for the franchised corporation from August 31, 2012 through August 31, 2013 (changes "two thousand twelve" to "two thousand thirteen")
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Requires withholding of one percent of all purses from corporations subject to state racing board jurisdiction, with the franchised corporation withholding two percent during the specified period
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Mandates payments from withheld purses to qualifying horsemen's organizations representing at least fifty-one percent of owners and trainers at respective facilities
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Requires horsemen's organizations to spend up to one-half of one percent of withheld funds on acquiring and maintaining equipment for steroid testing programs at state colleges with equine science programs
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Requires horsemen's organizations to annually allocate funds from benevolence programs to support organizations providing backstretch employee services
Legislative Description
Relates to certain payments to the horsemen's organization.
Last Action
signed chap.134
7/18/2012