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NY A05921
Bill
Status
11/12/2025
Primary Sponsor
Carrie Woerner
Click for details
AI Summary
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Allows unused jockey health insurance program funds to be distributed in three ways: returned pro rata to enhance track purses, deposited into a new reserve fund, or a combination of both
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Requires the franchised corporation and jockey's organization representing at least 51% of eligible jockeys to jointly determine how unused funds are distributed
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Creates an optional segregated reserve fund for the payment of future health insurance premiums not yet paid
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Mandates that if the reserve fund is determined to be no longer needed by agreement between the franchised corporation and jockey's organization, remaining monies must be returned pro rata to enhance purses at contributing tracks
Legislative Description
Creates the jockey health insurance reserve fund for the payment of premiums not yet paid; provides for the return of funds if such reserve fund becomes no longer necessary.
Last Action
signed chap.493
11/12/2025