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NY A10514

Bill

Official Source

Status

Engrossed

6/21/2012

Primary Sponsor

Gary Pretlow

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Amends the racing, pari-mutuel wagering and breeding law to modify how the New York state thoroughbred breeding and development fund allocates purse money
  • Increases the maximum amount the fund can allocate for purse moneys from an unspecified percentage to 44 percent, designated exclusively for New York-breds entered in all races with fund-approved conditions
  • Requires the fund to set aside 40 percent of allocated funds for tracks operated by corporations licensed under sections 205 or 206 of the racing law
  • Designates 75 percent of fund revenues derived from payments under section 527 of the law exclusively for purses at tracks operated by corporations licensed under section 205
  • Takes effect immediately upon enactment

Legislative Description

Relates to resources of the New York state thoroughbred breeding and development fund.

Last Action

REFERRED TO RULES

6/21/2012

Committee Referrals

Rules6/21/2012
Rules6/13/2012
Ways and Means6/5/2012
Racing and Wagering5/30/2012

Full Bill Text

No bill text available