New York A 8838: Relates to the New York state thoroughbred breeding and development fund

Bill Text

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A08838 Summary:

BILL NOA08838A

&nbsp

SAME ASSAME AS S08351

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SPONSORWoerner

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COSPNSR

&nbsp

MLTSPNSR

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Amd §254, RWB L

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Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars.

Go to top A08838 Actions:

BILL NOA08838A

&nbsp

06/09/2025referred to racing and wagering

06/10/2025amend (t) and recommit to racing and wagering

06/10/2025print number 8838a

01/07/2026referred to racing and wagering

Go to topA08838 Committee&nbspVotes:

Go to topA08838 Floor&nbspVotes:

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

Go to topA08838 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8838--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 9, 2025
 ___________

 Introduced by M. of A. WOERNER -- read once and referred to the Commit-
 tee on Racing and Wagering -- committee discharged, bill amended,
 ordered reprinted as amended and recommitted to said committee

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to the New York state thoroughbred breeding and development
 fund

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

 1 Section 1. The second undesignated paragraph of subdivision 2 of
 2 section 254 of the racing, pari-mutuel wagering and breeding law, as
 3 amended by chapter 18 of the laws of 2008, is amended to read as
 4 follows:
 5 All moneys of the fund in excess of [seventy-five] five hundred thou-
 6 sand dollars on hand at the end of each calendar year shall be appor-
 7 tioned between and paid to the state and the regional off-track betting
 8 corporations based on the level of contributions to such fund during the
 9 year by the racing corporations and the regional off-track betting
 10 corporations, respectively. Payment of such money to the state and such
 11 corporations, respectively, shall be made by March fifteenth of the year
 12 following the close of such calendar year.
 13 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13199-02-5

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