Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 13, 2016 |
print number 863a |
Jan 13, 2016 |
amend (t) and recommit to investigations and government operations |
Jan 06, 2016 |
referred to investigations and government operations |
Jan 07, 2015 |
referred to investigations and government operations |
Senate Bill S863A
2015-2016 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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-S863 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1614, Tax L; add §99-y, St Fin L
- Versions Introduced in 2013-2014 Legislative Session:
-
S4959
2015-S863 - Sponsor Memo
BILL NUMBER:S863 TITLE OF BILL: An act to amend the tax law, in relation to certain unclaimed and abandoned prize money; and to amend the state finance law, in relation to establishing the kindergarten reserve fund PURPOSE: To require that unclaimed and abandoned lottery prize money be transferred to the newly created "kindergarten reserve fund" for the purposes of funding kindergarten programs in the state. SUMMARY OF PROVISIONS: Section 1. Amends subdivision a of section 1614 of the tax law to require that unclaimed or abandoned lottery prize money be transferred to the "kindergarten reserve fund" and distributed to elementary schools to provide funds for kindergarten programs. Section 2. Adds a new section 99-w to the state finance law to establish the kindergarten reserve fund, which shall consist of all unclaimed and abandoned lottery prize money, and all other moneys credited or transferred thereto from any other fund or source. Such funds, following appropriation by the Legislature, shall be made
2015-S863 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 863 2015-2016 Regular Sessions I N S E N A T E January 7, 2015 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to certain unclaimed and aban- doned prize money; and to amend the state finance law, in relation to establishing the kindergarten reserve fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision a of section 1614 of the tax law, as amended by chapter 170 of the laws of 1994, is amended to read as follows: a. No prize claim shall be valid if submitted to the division follow- ing the expiration of a one-year time period from the date of the draw- ing or from the close of the game in which a prize was won, and the person otherwise entitled to such prize shall forfeit any claim or enti- tlement to such prize moneys. Unclaimed prize money, plus interest earned thereon, shall be [retained in the lottery prize account to be used for payment of special lotto or supplemental lotto prizes offered pursuant to the plan or plans specified in this article, or for promo- tional purposes to supplement other games on an occasional basis not to exceed sixteen weeks within any twelve month period pursuant to the plan or plans specified in this article. In the event that the director proposes to change any plan for the use of unclaimed prize funds or in the event the director intends to use funds in a game other than the game from which such unclaimed prize funds were derived, the director of the budget, the chairperson of the senate finance committee, and the chairperson of the assembly ways and means committee shall be notified in writing separately detailing the proposed changes to any plan prior to the implementation of the chang- es.] TRANSFERRED TO THE STATE COMPTROLLER FOR DEPOSIT IN THE "KINDERGAR- TEN RESERVE FUND" ESTABLISHED PURSUANT TO SECTION NINETY-NINE-W OF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03199-01-5
co-Sponsors
(D) Senate District
2015-S863A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1614, Tax L; add §99-y, St Fin L
- Versions Introduced in 2013-2014 Legislative Session:
-
S4959
2015-S863A (ACTIVE) - Sponsor Memo
BILL NUMBER: S863A TITLE OF BILL : An act to amend the tax law, in relation to certain unclaimed and abandoned prize money; and to amend the state finance law, in relation to establishing the kindergarten conversion fund PURPOSE : To require that unclaimed and abandoned lottery prize money be transferred to the newly created "Kindergarten Conversion Fund" for the purposes of funding kindergarten programs and capital expenses in the state. SUMMARY OF PROVISIONS : Section 1. Amends subdivision a of section 1614 of the tax law to require that unclaimed or abandoned lottery prize money be transferred to the "Kindergarten Conversion Fund" and distributed to elementary schools to provide funds for kindergarten programs and for capital expenses associated with the program. Section 2. Adds a new section 99-y to the state finance law to establish the kindergarten reserve fund, which shall consist of all unclaimed and abandoned lottery prize money, and all other moneys
2015-S863A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 863--A 2015-2016 Regular Sessions I N S E N A T E January 7, 2015 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to certain unclaimed and aban- doned prize money; and to amend the state finance law, in relation to establishing the kindergarten conversion fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision a of section 1614 of the tax law, as amended by chapter 170 of the laws of 1994, is amended to read as follows: a. No prize claim shall be valid if submitted to the division follow- ing the expiration of a one-year time period from the date of the draw- ing or from the close of the game in which a prize was won, and the person otherwise entitled to such prize shall forfeit any claim or enti- tlement to such prize moneys. Unclaimed prize money, plus interest earned thereon, shall be [retained in the lottery prize account to be used for payment of special lotto or supplemental lotto prizes offered pursuant to the plan or plans specified in this article, or for promo- tional purposes to supplement other games on an occasional basis not to exceed sixteen weeks within any twelve month period pursuant to the plan or plans specified in this article. In the event that the director proposes to change any plan for the use of unclaimed prize funds or in the event the director intends to use funds in a game other than the game from which such unclaimed prize funds were derived, the director of the budget, the chairperson of the senate finance committee, and the chairperson of the assembly ways and means committee shall be notified in writing separately detailing the proposed changes to any plan prior to the implementation of the chang- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03199-02-6
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