Relates to utilizing funds from the capital acquisition fund for the payment of salaries and benefits of employees and other expenses of regional off-track betting corporations.
Provides for payments to licensed harness tracks by regional off-track betting corporations.
Allows off-track betting corporations to set up special reserve funds to use as an alternative to current capital acquisition funds.
Relates to the utilization of funds in the Catskill off-track betting corporation's capital acquisition fund for the purposes of statutory obligations, payroll, and expenditures necessary to accept authorized wagers.
Provides for the amount to be paid by off-track betting corporations to regional harness tracks from out-of-state and out-of-country simulcast revenue.
Prohibits regional off-track betting corporations from providing items of value exceeding fifteen dollars to any board member, officer, or employee of the corporation, any contractor, subcontractor, consultant, or other agent of the corporation, or any spouse, child, sibling or parent of such persons; adds reporting requirements for regional off-track betting corporations.
Prohibits regional off-track betting corporations from providing items of value exceeding fifteen dollars to any board member, officer, or employee of the corporation, any contractor, subcontractor, consultant, or other agent of the corporation, or any spouse, child, sibling or parent of such persons; adds reporting requirements for regional off-track betting corporations.
Increases the discretionary spending threshold for regional off-track betting corporations to $35,000.
Increases the discretionary spending threshold for regional off-track betting corporations to $35,000.
Relates to the use of funds and payments from the IOLA fund; provides that funds and payments shall not be used for any other purpose other than as stated in section 97-v of the state finance law.