Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to racing and wagering |
Mar 03, 2011 |
referred to racing and wagering |
Assembly Bill A6022
2011-2012 Legislative Session
Sponsored By
RA
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Gary Finch
Michael Montesano
Andrew Raia
Thomas McKevitt
multi-Sponsors
Joseph Saladino
2011-A6022 (ACTIVE) - Details
2011-A6022 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6022 2011-2012 Regular Sessions I N A S S E M B L Y March 3, 2011 ___________ Introduced by M. of A. RA -- 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 disposition of unclaimed winnings and refunds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 241 of the racing, pari-mutuel wagering and breed- ing law, as amended by chapter 18 of the laws of 2008, is amended to read as follows: S 241. Disposition of unpaid money due on account of pari-mutuel tick- ets not presented. The sum held by any corporation authorized to conduct pari-mutuel betting for payment of outstanding winning pari-mutuel tick- ets and for refunding the price of pari-mutuel tickets shall be retained by such corporation for such purposes until April first of the succeed- ing year[; provided, however, that ninety-five per centum of such sum remaining unclaimed as of the last day of February of such year shall be paid to the department of taxation and finance by March fifteenth. On April tenth, the balance of such sum remaining unclaimed and any other unclaimed amount received in the course of conducting pari-mutuel betting shall be paid to the department of taxation and finance. A penalty of five per centum and interest at the rate of one per centum per month from the due date to the date of payment of the unclaimed balance due March fifteenth or April tenth, as the case may be, shall be payable in case such balance is not paid when due. Such amounts, inter- est and penalties when collected shall be paid by the department of taxation and finance into the general fund of the state treasury] AT WHICH TIME SAID SUM SHALL BE APPLIED TO THE USE AND PURPOSE OF SUCH CORPORATION PURSUANT TO SUBDIVISION TWO OF SECTION TWO HUNDRED THIRTY-SIX OR PARAGRAPH (B) OF SUBDIVISION ONE OF SECTION TWO HUNDRED THIRTY-EIGHT OF THIS ARTICLE. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09576-01-1
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