Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 03, 2016 |
print number 6795a |
May 03, 2016 |
amend (t) and recommit to finance |
Feb 23, 2016 |
referred to finance |
Senate Bill S6795A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) 62nd Senate District
Archive: Last Bill Status - In Senate Committee Finance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2015-S6795 - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-h, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S734
2019-2020: S119
2021-2022: S2699
2023-2024: S652
2015-S6795 - Sponsor Memo
BILL NUMBER: S6795 TITLE OF BILL : An act to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara; and to amend chapter 747 of the laws of 2006 amending the state finance law, relating to the tribal-state compact revenue account, in relation to extending the effectiveness thereof PURPOSE OR GENERAL IDEA OF BILL : This legislation seeks to increase the local share received by Niagara Falls for hosting a casino, further this legislation seems to create a downtown Niagara Falls economic development advisory group that will fund certain projects; this legislation also increases those entities to receive funding from funds pursuant to this act. SUMMARY OF SPECIFIC PROVISIONS : Section 1 of the bill increases the minimum amount of the negotiated net drop received by the State for a gaming facility located within Niagara County to 75% from 25%. Section 2 of the bill increases the minimum amount of the negotiated net drop received by the State for a gaming facility located within
2015-S6795 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6795 I N S E N A T E February 23, 2016 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara; and to amend chapter 747 of the laws of 2006 amending the state finance law, relating to the tribal-state compact revenue account, in relation to extending the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 99-h of the state finance law, as amended by section 7 of chapter 174 of the laws of 2013, is amended to read as follows: 3. Moneys of the account, following the segregation of appropriations enacted by the legislature, shall be available for purposes including but not limited to: (a) reimbursements or payments to municipal govern- ments that host tribal casinos pursuant to a tribal-state compact for costs incurred in connection with services provided to such casinos or arising as a result thereof, for economic development opportunities and job expansion programs authorized by the executive law; provided, howev- er, that for any gaming facility located in the city of Buffalo, the city of Buffalo shall receive a minimum of twenty-five percent of the negotiated percentage of the net drop from electronic gaming devices the state receives pursuant to the compact, and provided further that for any gaming facility located in the city of Niagara Falls, county of Niagara a minimum of [twenty-five] SEVENTY-FIVE percent of the negoti- ated percentage of the net drop from electronic gaming devices the state receives pursuant to the compact shall be distributed in accordance with subdivision four of this section, and provided further that for any gaming facility located in the county or counties of Cattaraugus, Chau- tauqua or Allegany, the municipal governments of the state hosting the facility shall collectively receive a minimum of twenty-five percent of the negotiated percentage of the net drop from electronic gaming devices the state receives pursuant to the compact; and provided further that pursuant to chapter five hundred ninety of the laws of two thousand EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2015-S6795A (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-h, St Fin L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S734
2019-2020: S119
2021-2022: S2699
2023-2024: S652
2015-S6795A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6795A TITLE OF BILL : An act to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara PURPOSE OR GENERAL IDEA OF BILL : This legislation would allocate $1.6 million from the State's share of casino funds to the Niagara County IDA to fund downtown economic development. SUMMARY OF SPECIFIC PROVISIONS : Section 1 of the bill allocates $1.6 million for downtown economic development within the city of Niagara Falls. Funds may be used but are not limited to, rehabilitation of buildings, installation of signage, training of existing or new employees, installation of machinery. Specifically states that no funds shall be allocated for general obligations and responsibilities traditionally provided by the city of Niagara Falls. Section 2 is the effective date. JUSTIFICATION :
2015-S6795A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6795--A I N S E N A T E February 23, 2016 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 99-h of the state finance law is amended by adding a new subdivision 3-b to read as follows: 3-B. ONE MILLION SIX HUNDRED THOUSAND DOLLARS OF ANY FUNDS ACTUALLY RECEIVED BY THE STATE PURSUANT TO SUBDIVISION TWO OF THIS SECTION, AFTER TRANSFER TO THE GENERAL FUND, SHALL BE TRANSFERRED TO THE NIAGARA COUNTY INDUSTRIAL DEVELOPMENT AGENCY FOR USE TO FUND DOWNTOWN ECONOMIC DEVELOP- MENT INITIATIVES WITHIN THE CITY OF NIAGARA FALLS INCLUDING, BUT NOT LIMITED TO, THE REHABILITATION OF BUILDINGS, INSTALLATION OF SIGNAGE, TRAINING OF EXISTING OR NEW EMPLOYEES IN TECHNIQUES RELATED TO THEIR INDUSTRY, AND INSTALLATION OF APPROPRIATE INDUSTRY RELATED MACHINERY, BUT SHALL NOT INCLUDE GENERAL OBLIGATIONS AND RESPONSIBILITIES TRADI- TIONALLY PROVIDED BY THE CITY OF NIAGARA FALLS. S 2. This act shall take effect immediately; provided, however, that the amendments to section 99-h of the state finance law made by section one of this act shall survive the expiration and reversion of such section pursuant to chapter 747 of the laws of 2006. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13672-08-6
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