S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9597
 
                           I N  A S S E M B L Y
 
                             January 25, 2018
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Racing and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  the  disposition  of  net revenues of regional off-track
   betting corporations to participating counties
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2  of section 516 of the racing, pari-mutuel
 wagering and breeding law is amended to read as follows:
   2. After payment of all of the costs of the  corporation's  functions,
 net  revenue  remaining to the corporation shall be divided[, quarterly,
 not more than thirty days after the  close  of  the  calendar  quarter],
 among  the  participating  counties  in  accordance  with  the following
 provisions:
   a. EACH OFF-TRACK BETTING CORPORATION SHALL DETERMINE, AT THEIR ORGAN-
 IZATIONAL MEETING, IF SUCH NET  REVENUE  REMAINING  TO  THE  CORPORATION
 SHALL  BE  DIVIDED  TO PARTICIPATING COUNTIES ON AN ANNUAL, BI-ANNUAL OR
 QUARTERLY BASIS, TO BE DIVIDED NOT MORE THAN THIRTY DAYS AFTER THE CLOSE
 OF THE CALENDAR YEAR, THE CLOSE OF THE BI-ANNUAL YEAR (JANUARY-JUNE  AND
 JULY-DECEMBER) OR CALENDAR QUARTER;
   B.  Fifty  percent of such revenue distributed among the participating
 counties on the basis of the proportion of the total off-track  pari-mu-
 tuel  wagering accepted by the corporation during the previous [calendar
 quarter] PERIOD that originated in the branch offices  located  in  each
 participating county;
   [b.]  C.  Fifty percent of such revenue on the basis of population, as
 defined as the total population in each participating  county  shown  by
 the latest preceding decennial federal census completed and published as
 a  final  population  count  by  the  United States bureau of the census
 preceding the commencement of the calendar year in which  such  distrib-
 ution is to be made; and
   [c.]  D.  A participating county containing a city electing to partic-
 ipate in the management and revenues of a corporation under  subdivision
 two of section five hundred two of this article shall distribute revenue
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

                       [ ] is old law to be omitted.
                                                            LBD14082-01-8

 A. 9597                             2
 
 received  under  paragraphs  [a] B and [b] C of this subdivision to such
 city according to the proportion such city's  population  bears  to  the
 county's population.
   § 2. This act shall take effect immediately.