Bill Text: NY S06668 | 2017-2018 | General Assembly | Introduced
Bill Title: Provides that the winnings from off-track betting, remaining unclaimed by April 1 each year, shall become part of the regional off-track betting corporation's operating account.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-01-03 - REFERRED TO RACING, GAMING AND WAGERING [S06668 Detail]
Download: New_York-2017-S06668-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6668 2017-2018 Regular Sessions IN SENATE June 12, 2017 ___________ Introduced by Sen. AMEDORE -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to unclaimed winnings and refunds from off-track pari-mutuel betting; and to repeal subdivision 2 of section 529 of such law relat- ing thereto 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 Subdivision 2 of section 529 of the racing, pari-mutuel 2 wagering and breeding law is REPEALED, and a new subdivision 2 is added 3 to read as follows: 4 2. The balance of such account remaining unclaimed as of the first of 5 April each year shall be transferred to the regional corporation's oper- 6 ating account and may be used for any corporate purpose. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13129-01-7