New York Assembly Bill 4462 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to racing and wagering
Pending: Assembly Racing and Wagering Committee
Text: Latest bill text (Introduced) [HTML]

Provides that the additional vendor's marketing allowance retained by any operator of a racetrack located in the county of Westchester shall not exceed 8 percent of the total revenue wagered at the vendor track after payout for prizes and the remainder of such additional vendor's marketing allowance, not to exceed 25 million dollars, shall be paid to the Yonkers city school district board of education in quarterly payments for the support and maintenance of certain educational programs.

Provides that the additional vendor's marketing allowance retained by any operator of a racetrack located in the county of Westchester shall not exceed 8 percent of the total revenue wagered at the vendor track after payout for prizes and the remainder of such additional vendor's marketing allowance, not to exceed 25 million dollars, shall be paid to the Yonkers city school district board of education in quarterly payments for the support and maintenance of certain educational programs.

Asm. Gary Pretlow [D]

Date	Chamber	Action
2020-01-08	Assembly	referred to racing and wagering
2019-02-04	Assembly	referred to racing and wagering

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/A4462
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A04462&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04462