New York S 4865: Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

Bill Text

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 Speaker Carl E. Heastie

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S04865 Summary:

BILL NOS04865 

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SAME ASNo Same As

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Amd §529, RWB L

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Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.

Go to top S04865 Actions:

BILL NOS04865 

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02/13/2025REFERRED TO RACING, GAMING AND WAGERING

01/07/2026REFERRED TO RACING, GAMING AND WAGERING

05/20/2026REPORTED AND COMMITTED TO FINANCE

Go to topS04865 Committee&nbspVotes:

Go to topS04865 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS04865 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4865

 2025-2026 Regular Sessions

 IN SENATE

 February 13, 2025
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Racing, Gaming and Wager-
 ing

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to the authority of the capital district regional off-track
 betting corporation to retain and disburse certain uncashed tickets

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

 1 Section 1. Section 529 of the racing, pari-mutuel wagering and breed-
 2 ing law is amended by adding a new subdivision 3 to read as follows:
 3 3. Notwithstanding subdivision two of this section, for a regional
 4 off-track betting corporation that is comprised in the capital district,
 5 one hundred percent of the balance of such account remaining unclaimed
 6 as of the last day of February of such year shall be distributed pursu-
 7 ant to section five hundred sixteen of this chapter to participating
 8 counties comprising the capital district corporation by March fifteenth.
 9 A penalty of five percent and interest at the rate of one percent per
 10 month from the due date to the date of payment of the unclaimed balance
 11 due April first shall be payable in case such balance is not paid when
 12 due under this section.
 13 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09491-01-5

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