New York Senate Bill S04550 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 4550 2025-2026 Regular Sessions  IN SENATE February 6, 2025 ___________ Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Racing, Gaming and Wager- ing AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to distributing purse monies more equitably The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 9 of section 208 of the racing, pari-mutuel 2 wagering and breeding law is amended by adding a new paragraph (f) to 3 read as follows: 4 (f) Notwithstanding any other law to the contrary, the franchised 5 corporation or the horsemen's bookkeeper shall not allocate or spend any 6 monies from an account established pursuant to this section without the 7 prior written consent of the New York thoroughbred horsemen's associ- 8 ation representing at least fifty-one percent of the horsemen using the 9 facilities of the franchised corporation, provided however, any payment 10 obligation provided for in law from the accounts established pursuant to 11 this section shall not require written consent. 12 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07332-01-5