New York A 8892: Relates to funds in the Catskill off-track betting corporation's capital acquisition fund

Bill Text

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 Speaker Carl E. Heastie

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A08892 Summary:

BILL NOA08892 

&nbsp

SAME ASSAME AS S08419

&nbsp

SPONSORWoerner

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §509-a, RWB L

&nbsp

Provides that from April 1, 2025 to March 31, 2026, twenty-three percent of funds in the Catskill off-track betting corporation's capital acquisition fund shall be made available for certain past due obligations; requires such corporation to submit an expenditure plan for approval before accessing such funds.

Go to top A08892 Actions:

BILL NOA08892 

&nbsp

06/10/2025referred to ways and means

06/11/2025reported referred to rules

06/12/2025reported 

06/12/2025rules report cal.702

06/12/2025ordered to third reading rules cal.702

06/13/2025substituted by s8419

&nbspS08419 AMEND= ADDABBO

&nbsp06/09/2025REFERRED TO RULES

&nbsp06/12/2025ORDERED TO THIRD READING CAL.1952

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025DELIVERED TO ASSEMBLY

&nbsp06/12/2025referred to ways and means

&nbsp06/13/2025substituted for a8892

&nbsp06/13/2025ordered to third reading rules cal.702

&nbsp06/13/2025passed assembly

&nbsp06/13/2025returned to senate

&nbsp12/01/2025DELIVERED TO GOVERNOR

&nbsp12/05/2025VETOED MEMO.101

Go to topA08892 Committee&nbspVotes:

Committee:WAYS AND MEANS Chair:Pretlow 
DATE:06/11/2025AYE/NAY:34/0 Action: Favorable refer to committee Rules PretlowAyeRaAye

GlickAyeFitzpatrickAye

ColtonAyeHawleyAye

CookAyeBlankenbushAye

BenedettoAyePalmesanoAye

WeprinAyeWalshAye

RamosAyeDeStefanoAye

BraunsteinAyeManktelowAye

McDonaldAyeSmullenAye

RozicAyeGiglioAye

DinowitzAye

MagnarelliExcused

BronsonAye

DilanAye

SeawrightAye

HyndmanAye

WalkerAye

Bichotte HermelAye

SimonAye

CruzAye

OtisAye

SolagesAye

HunterAye

EpsteinAye

SeptimoAye

Committee:RULES Chair:Glick 
DATE:06/12/2025AYE/NAY:29/0 Action: Favorable HeastieExcusedBarclayAye

PretlowAyeHawleyAye

CookAyeBlankenbushAye

GlickAyeRaAye

DinowitzAyeBrabenecAye

ColtonAyePalmesanoAye

MagnarelliAyeReillyAye

PaulinAyeSmithAye

Peoples-StokesAyeJensenAye

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanAye

RozicAye

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelExcused

Go to topA08892 Floor&nbspVotes:

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

Go to topA08892 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8892

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 10, 2025
 ___________

 Introduced by M. of A. WOERNER -- read once and referred to the Commit-
 tee on Ways and Means

 AN ACT to amend the racing, pari-mutuel wagering and breeding law, in
 relation to funds in the Catskill off-track betting corporation's
 capital acquisition fund

 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 509-a of the racing, pari-mutuel
 2 wagering and breeding law is amended by adding two new paragraphs e-1
 3 and g to read as follows:
 4 e-1. Notwithstanding any other provision of law or regulation to the
 5 contrary, from April first, two thousand twenty-five to March thirty-
 6 first, two thousand twenty-six, forty-five percent of the funds, not to
 7 exceed two million seven hundred thousand dollars, in the Catskill off-
 8 track betting corporation's capital acquisition fund established pursu-
 9 ant to this section, shall be available to such off-track betting corpo-
 10 ration for the purposes of expenditures necessary to pay off any
 11 outstanding debts and obligations; past due statutory obligations to New
 12 York licensed or franchised racing corporations or associations; past
 13 due contractual obligations due to other racing associations or organ-
 14 izations for the costs of acquiring a simulcast signal; past due statu-
 15 tory payment obligations due to the New York state thoroughbred breeding
 16 and development fund corporation, agriculture and New York state horse
 17 breeding development fund, and the Harry M. Zweig memorial fund for
 18 equine research; and past due obligations due the state.
 19 g. Prior to a corporation being able to utilize the funds authorized
 20 by paragraph e-1 of this subdivision, the corporation must submit an
 21 expenditure plan to the gaming commission for r