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NY S08440
Bill
Status
Vetoed
12/13/2024
Primary Sponsor
Joseph Addabbo
Click for details
AI Summary
- Extends the withholding period for two percent of purses from the franchised corporation from August 31, 2024 to August 31, 2025
- Requires withholding of one percent of all purses from non-franchised corporations and two percent from the franchised corporation during the extended period, paid to the horsemen's organization
- Mandates the horsemen's organization spend no more than one-half of one percent of withheld funds to acquire and maintain equipment for steroid testing programs at state colleges with equine science programs
- Requires the horsemen's organization to include annual expenditures for benevolence programs supporting backstretch employee services as determined by its board of directors
- Takes effect immediately upon enactment
Legislative Description
Relates to certain payments to the horsemen's organization; extends such provisions to 2025.
Last Action
VETOED MEMO.105
12/13/2024
Committee Referrals
Racing and Wagering2/28/2024
Racing, Gaming and Wagering1/30/2024
Full Bill Text
No bill text available