S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9393
 
                           I N  A S S E M B L Y
 
                             February 23, 2022
                                ___________
 
 Introduced  by  M. of A. PEOPLES-STOKES -- 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  prohibiting regional off-track betting corporations from
   providing items of value exceeding fifteen dollars to certain  associ-
   ates of the corporation

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The  racing,  pari-mutuel  wagering  and  breeding  law  is
 amended by adding a new section 503-b to read as follows:
   §  503-B. PROMOTIONAL SPENDING RESTRICTED FROM CORPORATION ASSOCIATES.
 NO REGIONAL OFF-TRACK BETTING CORPORATION OR ANY  SUBSIDIARY  WHOLLY  OR
 PARTIALLY  CONTROLLED  BY  SUCH  REGIONAL OFF-TRACK BETTING CORPORATION,
 INCLUDING BUT NOT LIMITED TO VIDEO LOTTERY  TERMINAL  FACILITIES,  SHALL
 MAKE  AVAILABLE  TO ANY BOARD MEMBER, OFFICER, OR EMPLOYEE OF THE CORPO-
 RATION, ANY CONTRACTOR, SUBCONTRACTOR, CONSULTANT, OR OTHER AGENT OF THE
 CORPORATION, OR ANY SPOUSE, CHILD, SIBLING OR  PARENT  RESIDING  IN  THE
 PRINCIPAL  PLACE  OF ABODE OF ANY OF THE FOREGOING PERSONS, OR ANY BUSI-
 NESS, PROFESSIONAL, OR PERSONAL  ASSOCIATES  OF  ANY  OF  THE  FOREGOING
 PERSONS,  ANY  EVENT  TICKETS,  BEVERAGES, FOOD, OR OTHER THING OF VALUE
 THAT EXCEEDS A VALUE OF FIFTEEN DOLLARS, EXCEPT AS OTHERWISE  EXPLICITLY
 PROVIDED IN THIS CHAPTER. THIS LIMITATION SHALL APPLY, BUT NOT BE LIMIT-
 ED TO, THE MARKETING PLAN AND PROMOTIONAL ACTIVITIES OF THE CORPORATION.
 ALL  PROMOTIONAL  AND  MARKETING  ACTIVITIES OF THE CORPORATION SHALL BE
 SUBJECT TO APPROVAL AND OVERSIGHT BY THE GAMING COMMISSION, WHICH  SHALL
 ENSURE  THAT  SUCH  MARKETING  PLAN  AND  ACTIVITIES  OF THE CORPORATION
 PROHIBIT SELF-DEALING.
   § 2. Section 517 of the racing, pari-mutuel wagering and breeding law,
 as amended by chapter 243 of the laws of 2020, is  amended  to  read  as
 follows:
   §  517. Annual reports. In addition to the reports required by article
 five-a of this chapter, within one hundred twenty days after the end  of
 the  fiscal  year of the corporation, the directors thereof shall submit
 to the participating counties, the commission, THE  TEMPORARY  PRESIDENT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD13384-02-1
 A. 9393                             2
 
 OF  THE SENATE, THE SPEAKER OF THE ASSEMBLY, and the state comptroller a
 complete and detailed audited report setting forth:
   1. its operations and accomplishments during such fiscal year;
   2. its receipts and expenditures during such fiscal year in accordance
 with  categories  or  classifications established by the corporation for
 its own operating and capital outlay purposes;
   3. its assets and liabilities at the end of such fiscal year including
 a schedule of its bonds, notes or other obligations and  the  status  of
 reserves, depreciations, special, sinking or other funds;
   4.  details of branch offices being planned or in the process of being
 constructed or otherwise established and branch offices that  have  been
 constructed or established;
   5.  DETAILS  OF  ITS MARKETING AND PROMOTIONAL PLANS, THE STRUCTURE OF
 SUCH PLANS, ANY SPENDING PURSUANT TO SUCH PLANS, AND HOW SUCH PLANS HAVE
 OR ARE ANTICIPATED TO BENEFIT THE OPERATIONS AND FINANCIAL  POSITION  OF
 THE  CORPORATION, AS WELL AS ANY MEASURES TAKEN TO PROHIBIT SELF-DEALING
 IN CONFLICT OF SECTION FIVE HUNDRED THREE-B OF THIS ARTICLE; and
   [5] 6. such other information relating to the operations of the corpo-
 ration as shall be deemed pertinent by the directors, the  participating
 counties, the commission, and the state comptroller.
   §  3.  This  act  shall take effect on the sixtieth day after it shall
 have become a law.