NY A06980

Allows municipal governments hosting tribal casinos to receive payments directly from Native American nations or tribes, provided the chief fiscal officer notifies the State Comptroller within seven days of receipt.

Payments received directly by host municipalities are deducted from state payments otherwise required under tribal-state compacts.

Increases minimum revenue share to host municipalities from 25 percent to 50 percent of the negotiated percentage of net drop from electronic gaming devices, applicable to casinos in Buffalo, Niagara Falls, Cattaraugus, Chautauqua, and Allegany counties.

Authorizes municipalities receiving direct payments from tribes to expend those funds in the same manner as state payments under the tribal-state compact provisions.

Takes effect immediately with certain provisions subject to expiration dates tied to existing tribal-state compact legislation.