Bill Text: NY S07411 | 2023-2024 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relates to monies appropriated and received each year by the state as a portion of the negotiated percentage of the net drop from electronic gaming devices the state receives.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed) 2024-06-07 - COMMITTED TO RULES [S07411 Detail]
Download: New_York-2023-S07411-Introduced.html
Bill Title: Relates to monies appropriated and received each year by the state as a portion of the negotiated percentage of the net drop from electronic gaming devices the state receives.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Engrossed) 2024-06-07 - COMMITTED TO RULES [S07411 Detail]
Download: New_York-2023-S07411-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7411 2023-2024 Regular Sessions IN SENATE May 23, 2023 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the tribal-state compact revenue account 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 amended by 2 section 1 of part V of chapter 59 of the laws of 2006, is amended by 3 adding a new subdivision 4 to read as follows: 4 4. (a) Monies which are appropriated and received each year by the 5 state as a portion of the negotiated percentage of the net drop from 6 electronic gaming devices the state receives in relation to the opera- 7 tion of a gaming facility in the city of Niagara Falls, county of 8 Niagara as required under subdivision three of this section, shall be 9 budgeted and disbursed by the city of Niagara Falls in the following 10 manner: 11 (i) eighty percent of the total annual amount received shall be avail- 12 able for expenditure by the city of Niagara Falls for such public 13 purposes as are determined, by the city, to be necessary and desirable 14 to accommodate and enhance economic development, neighborhood revitali- 15 zation, public health and safety, and infrastructure improvement in the 16 city, shall be deposited into the tribal revenue account of the city and 17 any and all interest and income derived from the deposit and investment 18 of such monies shall be deposited into the general operating fund of the 19 city; provided however, that any amount allocated to the not-for-profit 20 organization known as the Niagara Falls underground railroad interpre- 21 tive center created to continue the Niagara Falls Underground Railroad 22 Heritage Commission's mission to operate an underground railroad museum, 23 to the extent that its share pursuant to the formula established in 24 clause four of subparagraph (ii) of this paragraph exceeds one percent, EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11229-04-3S. 7411 2 1 such amounts shall be distributed from the funds available to the city 2 for its public purposes pursuant to this paragraph; and 3 (ii) the remaining twenty percent of the total annual amount received 4 shall be allocated for the city of Niagara Falls to be available for 5 expenditure in the following manner: 6 (1) within thirty-five days upon receipt of such funds by such city, 7 five and one-half percent of the total annual amount received in each 8 year, not to exceed seven hundred fifty thousand dollars annually, shall 9 be transferred to Niagara Falls memorial medical center to be used for 10 capital construction projects; and 11 (2) within thirty-five days upon receipt of such funds by such city, 12 five and one-half percent of the total annual amount received in each 13 year, not to exceed seven hundred fifty thousand dollars annually, shall 14 be transferred to the Niagara Falls city school district for capital 15 construction projects; and 16 (3) within thirty-five days upon receipt of such funds by such city, 17 seven percent of the total amount received in each year not to exceed 18 one million dollars, shall be transferred to the Niagara tourism and 19 convention center corporation for marketing and tourism promotion in the 20 county of Niagara including the city of Niagara Falls; and 21 (4) within thirty-five days upon receipt of such funds by such city, 22 one percent or two hundred thousand dollars, whichever is greater, of 23 the total annual amount received in each year shall be transferred to 24 the not-for-profit organization known as the Niagara Falls underground 25 railroad interpretive center created to continue the Niagara Falls 26 Underground Railroad Heritage Commission's mission to operate an under- 27 ground railroad museum, to be used for, but not limited to, development, 28 capital improvements, acquisition of real property, and acquisition of 29 personal property within the heritage area in the city of Niagara Falls 30 as established pursuant to the commission; provided in the event the 31 distribution available pursuant to this clause exceeds one percent, it 32 shall be distributed from the moneys available pursuant to subparagraph 33 (i) of this paragraph; and 34 (5) within thirty-five days upon receipt of such funds by such city, 35 fifty thousand dollars of the total amount received in each year shall 36 be transferred to Mount Saint Mary's Neighborhood Health Center; and 37 (6) within thirty-five days upon receipt of such funds by such city, 38 fifty thousand dollars of the total annual amount received in each year 39 shall be transferred to the Niagara Falls housing authority established 40 pursuant to title twelve of article thirteen of the public housing law 41 for upgrades to their facilities; and 42 (7) all other monies appropriated or received for distribution pursu- 43 ant to this subdivision after the transfer of money pursuant to this 44 subparagraph and subparagraph (i) of this paragraph in each year shall 45 be allocated to the city of Niagara Falls for infrastructure and road 46 improvement projects. 47 (b) On or before the first of April, each entity receiving moneys 48 pursuant to subparagraphs (i) and (ii) of paragraph (a) of this subdivi- 49 sion, shall annually submit a report to the governor, temporary presi- 50 dent of the senate, speaker of the assembly, minority leader of the 51 senate, minority leader of the assembly, mayor of the city of Niagara 52 Falls and leader of the city council of the city of Niagara Falls. Each 53 such report shall include an accounting of all moneys received by such 54 entity pursuant to paragraph (a) of this subdivision and the expenditure 55 of any such moneys.S. 7411 3 1 (c) Notwithstanding any other provision of law to the contrary, fail- 2 ure by the city of Niagara Falls to disburse funds as such city is 3 required pursuant to clauses one, two, three and four of subparagraph 4 (ii) of paragraph (a) of this subdivision within thirty-five days of the 5 actual receipt of the funds or the submission of the subentity expendi- 6 ture report due by April first of each year, whichever is later, shall 7 result in an additional payment by the city of Niagara Falls of one-half 8 percent per week not to exceed eighteen percent of the amount which was 9 to have been disbursed pursuant to such clauses. Any such additional 10 payment required to be made by the city shall be disbursed from the 11 city's share described in subparagraph (i) of paragraph (a) of this 12 subdivision. 13 (d) In the event that any monies to be distributed pursuant to clauses 14 one, three and four of subparagraph (ii) of paragraph (a) of this subdi- 15 vision cannot, for any reason, be received or utilized, such monies 16 shall be distributed to the city of Niagara Falls for economic develop- 17 ment projects within such city. 18 § 2. This act shall take effect on the same date and in the same 19 manner as section 1 of part V of chapter 59 of the laws of 2006, takes 20 effect.
