Expands off-track betting to include the five counties comprising the city of New York which shall now be considered part of the Catskill region.
Directs that any net revenue distributed to participating counties or cities by regional off-track betting corporations shall be used exclusively for real property tax relief.
Provides that the winnings from off-track betting, remaining unclaimed by April 1 each year, shall become part of the regional off-track betting corporation's operating account.
Extends the oversight functions of the board to apply to the New York city off-track betting corporation.
Provides for payments to licensed harness tracks by regional off-track betting corporations.
Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.
Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.
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.
Provides that the disposition of net revenues of regional off-track betting corporations to participating counties may be divided on an annual, bi-annual or quarterly basis as determined by such corporations.
Increases the discretionary spending threshold for regional off-track betting corporations to $35,000.