Bill Text: NY A05994 | 2019-2020 | General Assembly | Introduced

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Bill Title: Provides that the disposition of net revenues of regional off-track betting corporations to participating counties may be divided on an annual, bi-annual or quarterly basis as determined by such corporations.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to racing and wagering [A05994 Detail]

Download: New_York-2019-A05994-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          5994
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 26, 2019
                                       ___________
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Racing and Wagering
        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation  to  the  disposition  of  net revenues of regional off-track
          betting corporations to participating counties
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision  2  of section 516 of the racing, pari-mutuel
     2  wagering and breeding law, as amended by section 1 of part OO of chapter
     3  59 of the laws of 2018, is amended to read as follows:
     4    2. After payment of all of the costs of the  corporation's  functions,
     5  net  revenue  remaining  to  the  corporation shall be divided among the
     6  participating counties in accordance with the following provisions:
     7    a.   Each off-track betting  corporation  shall  determine,  at  their
     8  organizational meeting, if such net revenue remaining to the corporation
     9  shall  be  divided  to participating counties on an annual, bi-annual or
    10  quarterly basis, to be divided not more than thirty days after the close
    11  of the calendar year, the close of the bi-annual year (January-June  and
    12  July-December) or calendar quarter;
    13    b.  Fifty  percent of such revenue distributed among the participating
    14  counties on the basis of the proportion of the total off-track  pari-mu-
    15  tuel  wagering  accepted  by  the corporation during the previous period
    16  that originated in the branch  offices  located  in  each  participating
    17  county;
    18    [b.]  c.  Fifty percent of such revenue on the basis of population, as
    19  defined as the total population in each participating  county  shown  by
    20  the latest preceding decennial federal census completed and published as
    21  a  final  population  count  by  the  United States bureau of the census
    22  preceding the commencement of the calendar year in which  such  distrib-
    23  ution is to be made; and
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09975-01-9
        A. 5994                             2
     1    [c.]  d.  A participating county containing a city electing to partic-
     2  ipate in the management and revenues of a corporation under  subdivision
     3  two of section five hundred two of this article shall distribute revenue
     4  received  under  paragraphs  [a] b and [b] c of this subdivision to such
     5  city  according  to  the  proportion such city's population bears to the
     6  county's population.
     7    § 2. This act shall take effect immediately.