Bill Text: NY A03838 | 2023-2024 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - referred to racing and wagering [A03838 Detail]

Download: New_York-2023-A03838-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3838

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 8, 2023
                                       ___________

        Introduced  by  M. of A. FAHY -- read once and referred to the Committee
          on Racing and Wagering

        AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
          relation  to unclaimed winnings and refunds from off-track pari-mutuel
          betting; and to repeal subdivision 2 of section 529 of such law relat-
          ing thereto

          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 529 of the racing, pari-mutuel
     2  wagering and breeding law is REPEALED, and a new subdivision 2 is  added
     3  to read as follows:
     4    2.  The balance of such account remaining unclaimed as of the first of
     5  April each year shall be transferred to the regional corporation's oper-
     6  ating account and may be used for any corporate purpose.
     7    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03680-01-3