Bill Text: NY S03117 | 2013-2014 | General Assembly | Introduced

---

Bill Title: Provides for unclaimed and abandoned lottery prize money to be transferred to the state comptroller for deposit into the "Love Your Library Fund" and distributed to public library systems and libraries in support of the statewide summer reading program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S03117 Detail]

Download: New_York-2013-S03117-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3117
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                   January 30, 2013
                                      ___________
       Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
         printed to be committed to the Committee on Investigations and Govern-
         ment Operations
       AN ACT to amend the tax law, in relation to permitting the  transfer  of
         unclaimed  and abandoned lottery prize money to the "Love Your Library
         Fund" to aid summer reading programs
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision a of section 1614 of the tax law, as amended by
    2  chapter 170 of the laws of 1994, is amended to read as follows:
    3    a.  No prize claim shall be valid if submitted to the division follow-
    4  ing the expiration of a one-year time period from the date of the  draw-
    5  ing  or  from  the  close  of the game in which a prize was won, and the
    6  person otherwise entitled to such prize shall forfeit any claim or enti-
    7  tlement to such prize  moneys.  Unclaimed  prize  money,  plus  interest
    8  earned  thereon,  shall  be [retained in the lottery prize account to be
    9  used for payment of special lotto or supplemental lotto  prizes  offered
   10  pursuant  to  the plan or plans specified in this article, or for promo-
   11  tional purposes to supplement other games on an occasional basis not  to
   12  exceed sixteen weeks within any twelve month period pursuant to the plan
   13  or plans specified in this article.
   14    In the event that the director proposes to change any plan for the use
   15  of  unclaimed  prize  funds  or in the event the director intends to use
   16  funds in a game other than the game  from  which  such  unclaimed  prize
   17  funds  were  derived, the director of the budget, the chairperson of the
   18  senate finance committee, and the chairperson of the assembly  ways  and
   19  means  committee  shall  be notified in writing separately detailing the
   20  proposed changes to any plan prior to the implementation of the changes]
   21  TRANSFERRED TO THE STATE COMPTROLLER FOR DEPOSIT  INTO  THE  "LOVE  YOUR
   22  LIBRARY FUND" AND DISTRIBUTED TO PUBLIC LIBRARY SYSTEMS AND LIBRARIES IN
   23  SUPPORT  OF THE STATEWIDE SUMMER READING PROGRAM ESTABLISHED PURSUANT TO
   24  SECTION NINETY-NINE-L OF THE STATE FINANCE LAW AND  SUBDIVISION  TEN  OF
   25  SECTION TWO HUNDRED SEVENTY-THREE OF THE EDUCATION LAW.
   26    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD06836-01-3