Bill Text: NY A05282 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides that $1,600,000 of any funds from gaming devices located within the county of Niagara shall be transferred to the Niagara county industrial development agency for use to fund downtown economic development initiatives within the city of Niagara Falls.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-03 - referred to racing and wagering [A05282 Detail]

Download: New_York-2023-A05282-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5282

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      March 7, 2023
                                       ___________

        Introduced  by  M.  of  A.  MORINELLO  --  read once and referred to the
          Committee on Racing and Wagering

        AN ACT to amend the state finance law, in relation  to  the  sharing  of
          revenue from gaming devices located within the county of Niagara

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Section 99-h of the state finance law, as added by  section
     2  3  of  part B of chapter 383 of the laws of 2001, is amended by adding a
     3  new subdivision 3-b to read as follows:
     4    3-b.  One million six hundred thousand dollars of any  funds  actually
     5  received by the state pursuant to subdivision two of this section, after
     6  transfer to the general fund, shall be transferred to the Niagara county
     7  industrial development agency for use to fund downtown economic develop-
     8  ment  initiatives  within  the  city of Niagara Falls including, but not
     9  limited to, the rehabilitation of buildings,  installation  of  signage,
    10  training  of  existing  or  new employees in techniques related to their
    11  industry, and installation of appropriate  industry  related  machinery,
    12  but  shall  not  include general obligations and responsibilities tradi-
    13  tionally provided by the city of Niagara Falls.
    14    § 2. This act shall take effect immediately; provided,  however,  that
    15  the  amendments to section 99-h of the state finance law made by section
    16  one of this act shall survive  the  expiration  and  reversion  of  such
    17  section pursuant to chapter 747 of the laws of 2006.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03401-01-3