New York S 3618: Relates to the tribal-state compact revenue account

Bill Text

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S03618 Summary:

BILL NOS03618 

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SAME ASNo Same As

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SPONSORORTT

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COSPNSR

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MLTSPNSR

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Amd §99-h, St Fin L

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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.

Go to top S03618 Actions:

BILL NOS03618 

&nbsp

01/29/2025REFERRED TO FINANCE

01/07/2026REFERRED TO FINANCE

06/02/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/02/2026ORDERED TO THIRD READING CAL.1531

06/02/2026PASSED SENATE

06/02/2026DELIVERED TO ASSEMBLY

06/02/2026referred to racing and wagering

Go to topS03618 Committee&nbspVotes:

Go to topS03618 Floor&nbspVotes:

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

Go to topS03618 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3618

 2025-2026 Regular Sessions

 IN SENATE

 January 29, 2025
 ___________

 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.
 LBD04291-02-5

 S. 3618 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 corporat