S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2827
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2023
                                ___________
 
 Introduced  by  M.  of  A. SANTABARBARA -- read once and referred to the
   Committee on Ways and Means
 
 AN ACT to amend the tax law, in relation to requiring unclaimed  lottery
   prizes to be paid into the state treasury
 
   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
 section 3 of subpart D of part DD of chapter 59 of the laws of 2019,  is
 amended to read as follows:
   a.  No  prize  claim  shall  be  valid  if submitted to the commission
 following the expiration of a one-year time period from the date of  the
 drawing  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.
   Furthermore,  the  commission  shall  not  use funds from such lottery
 prize account for such payments, as provided herein, in excess of  sixty
 million  dollars in any fiscal year. All unclaimed prize money in excess
 of the sixty million dollars spending limitation shall, at  the  end  of
 the  fiscal  year, be] paid into the state treasury to the credit of the
 state lottery fund created by section ninety-two-c of the state  finance
 law.
   [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

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06085-01-3
              

 A. 2827                             2

 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.]
   § 2. This act shall take effect immediately.