Senate Bill S8985A

Signed By Governor
2017-2018 Legislative Session

Relates to the New York Racing Association, Inc.

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A11213 - Signed by Governor

  • 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

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Bill Amendments

2017-S8985 - Details

See Assembly Version of this Bill:
A11213
Law Section:
Public Authorities Law
Laws Affected:
Amd §1676, Pub Auth L

2017-S8985 - Summary

Adds the New York Racing Association, Inc. to the list of dormitories under the public authorities law.

2017-S8985 - Sponsor Memo

2017-S8985 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8985
 
                             I N  S E N A T E
 
                               June 11, 2018
                                ___________
 
 Introduced  by Sen. PHILLIPS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law  and
   the public authorities law, in relation to racing at Belmont Park
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 2 of section 206  of  the  racing,  pari-mutuel
 wagering  and  breeding  law,  as  amended by chapter 140 of the laws of
 2008, is amended to read as follows:
   2. The franchised corporation shall, upon acceptance of the franchise,
 franchise agreements and all enumerated conditions, be granted  a  fran-
 chise  for  a period of not more than twenty-five years, ending no later
 than December thirty-first, two thousand thirty-three, PROVIDED,  HOWEV-
 ER,  NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, SUBJECT
 TO FRANCHISE OVERSIGHT BOARD APPROVAL, THE FRANCHISED CORPORATION  SHALL
 CONTINUE  TO HAVE THE RIGHT AND RESPONSIBILITY TO MANAGE AND OPERATE ALL
 FUNCTIONS AT BELMONT PARK  UNTIL  DECEMBER  THIRTY-FIRST,  TWO  THOUSAND
 SIXTY-EIGHT.
   §  2.  Subparagraph  (viii) of paragraph a of subdivision 8 of section
 212 of the racing, pari-mutuel wagering and breeding law, as amended  by
 chapter 140 of the laws of 2008, is amended to read as follows:
   (viii)  act  on behalf of the People of the State of New York to enter
 into any real property transactions in furtherance of the  purposes  and
 intent  of  this  statute,  including,  without  limitation, one or more
 ground leases, for one dollar in consideration  annually,  for  each  of
 Aqueduct  racetrack[, Belmont Park] and Saratoga racecourse to the fran-
 chised corporation, for a term that will extend until the  racing  fran-
 chise  expires,  is  revoked,  terminated  or  ends  by  any other means
 provided by law, AND FOR BELMONT PARK, SUBJECT  TO  FRANCHISE  OVERSIGHT
 BOARD  APPROVAL,  TO  THE  FRANCHISED  CORPORATION, FOR A TERM THAT WILL
 EXTEND UNTIL DECEMBER THIRTY-FIRST, TWO THOUSAND SIXTY-EIGHT. Such leas-
 es shall be executed contemporaneously with the conveyance of the  race-
 tracks by the franchised corporation's predecessor to the state;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

2017-S8985A (ACTIVE) - Details

See Assembly Version of this Bill:
A11213
Law Section:
Public Authorities Law
Laws Affected:
Amd §1676, Pub Auth L

2017-S8985A (ACTIVE) - Summary

Adds the New York Racing Association, Inc. to the list of dormitories under the public authorities law.

2017-S8985A (ACTIVE) - Sponsor Memo

2017-S8985A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8985--A
 
                             I N  S E N A T E
 
                               June 11, 2018
                                ___________
 
 Introduced  by Sen. PHILLIPS -- read twice and ordered printed, and when
   printed to be  committed  to  the  Committee  on  Rules  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT to amend the public authorities law, in relation to the New York
   Racing Association, Inc.

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  (b)  of  subdivision  2 of section 1676 of the
 public authorities law is amended by adding a new undesignated paragraph
 to read as follows:
   THE NEW YORK RACING ASSOCIATION, INC. FOR CAPITAL PROJECTS.
   § 2. Subdivision 1 of section 1680 of the public  authorities  law  is
 amended by adding a new undesignated paragraph to read as follows:
   THE NEW YORK RACING ASSOCIATION, INC. FOR CAPITAL PROJECTS.
   § 3. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16244-02-8

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