Assembly Bill A2488

2019-2020 Legislative Session

Provides that the winnings from off-track betting, remaining unclaimed by April 1 each year, shall become part of the regional off-track betting corporation's operating account; repealer

download bill text pdf

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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

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2019-A2488 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Rpld & add §529 sub 2, RWB L
Versions Introduced in Other Legislative Sessions:
2017-2018: A8483
2021-2022: A3120
2023-2024: A3838

2019-A2488 (ACTIVE) - Summary

Provides that the winnings from off-track betting, remaining unclaimed by April 1 each year, shall become part of the regional off-track betting corporation's operating account.

2019-A2488 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2488
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2019
                                ___________
 
 Introduced  by  M. of A. FAHY -- 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 unclaimed winnings and refunds from off-track pari-mutuel
   betting; and to repeal subdivision 2 of section 529 of such law relat-
   ing thereto

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  2  of section 529 of the racing, pari-mutuel
 wagering and breeding law is REPEALED, and a new subdivision 2 is  added
 to read as follows:
   2.  THE BALANCE OF SUCH ACCOUNT REMAINING UNCLAIMED AS OF THE FIRST OF
 APRIL EACH YEAR SHALL BE TRANSFERRED TO THE REGIONAL CORPORATION'S OPER-
 ATING ACCOUNT AND MAY BE USED FOR ANY CORPORATE PURPOSE.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02289-01-9

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