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NY S05670

Bill

Official Source

Status

Vetoed

9/30/2016

Primary Sponsor

David Valesky

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends State Finance Law Section 99-h to modify how gaming revenue is distributed from tribal casinos to host municipalities
  • Requires the City of Buffalo to receive a minimum of 25 percent of the negotiated percentage of net drop from electronic gaming devices that the state receives under tribal-state compacts
  • Requires Niagara County to receive a minimum of 25 percent of the negotiated percentage of net drop from electronic gaming devices, with distribution according to existing subdivision four procedures
  • Requires municipal governments hosting gaming facilities in Cattaraugus, Chautauqua, or Allegany counties to collectively receive a minimum of 25 percent of the negotiated percentage of net drop from electronic gaming devices

Legislative Description

Relates to the sharing of revenue from gaming devices located within the county of Madison.

Last Action

VETOED MEMO.222

9/30/2016

Committee Referrals

Rules4/11/2016
Finance5/26/2015

Full Bill Text

No bill text available