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NY A10717
Bill
Status
6/16/2012
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Establishes a temporary "New York Racing Association Reorganization Board" consisting of 17 voting members: 5 elected by current Class A directors, 8 appointed by the Governor, 2 by the Senate President, and 2 by the Assembly Speaker, plus 2 non-voting ex officio members representing breeders and horsemen's associations.
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Board chair to be nominated by the Governor and confirmed by majority vote of the board, with all non-ex officio members having equal voting rights and serving at the pleasure of their appointing authority.
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Temporary board shall terminate three years from creation, with requirement to propose recommendations at least 180 days before termination for a future not-for-profit governing structure for the New York Racing Association, Inc.
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Requires all voting board members to make annual written disclosure of any interests held by themselves, their spouses, or unemancipated children in racing or breeding industry entities, with prompt updates for material changes.
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Amends an existing 2012 gaming law to delay the effective date from October 1, 2012 to February 1, 2013.
Legislative Description
Enacts the New York state racing franchise accountability and transparency act of 2012; creates a temporary reorganization board to serve for a period of three years.
Last Action
substituted by s7744
6/20/2012