Assembly Bill A3555

2023-2024 Legislative Session

Relates to the members of the franchise oversight board and the duties and responsibilities of such board

download bill text pdf

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Current 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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2023-A3555 (ACTIVE) - Details

Current Committee:
Assembly Racing And Wagering
Law Section:
Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:
Amd §212, RWB L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10476
2011-2012: A3706
2013-2014: A3717
2015-2016: A1305
2017-2018: A2305
2019-2020: A3869
2021-2022: A2287

2023-A3555 (ACTIVE) - Summary

Relates to the members of the franchise oversight board and the duties and responsibilities of such board with regard to the New York city off-track betting corporation.

2023-A3555 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3555
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 3, 2023
                                ___________
 
 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 franchise oversight board
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subparagraph (xx)  of  paragraph  a  of  subdivision  8  of
 section  212  of  the  racing, pari-mutuel wagering and breeding law, as
 renumbered by section 2 of part NN of chapter 59 of the laws of 2017, is
 renumbered subparagraph (xxi) and a new subparagraph (xx)  is  added  to
 read as follows:
   (XX)  ACTING ON BEHALF OF NEW YORK CITY OFF-TRACK BETTING CORPORATION,
 RETAIN A RESTRUCTURING FIRM TO PREPARE A RESTRUCTURING AND BUSINESS PLAN
 FOR NEW YORK CITY OFF-TRACK BETTING  CORPORATION.  SUCH  PLAN  SHALL  BE
 REVIEWED  BY  THE  FRANCHISE OVERSIGHT BOARD TOGETHER WITH NEW YORK CITY
 OFF-TRACK BETTING CORPORATION AND UPON ACCEPTANCE BY THE FRANCHISE OVER-
 SIGHT BOARD SHALL BE IMPLEMENTED BY  NEW  YORK  CITY  OFF-TRACK  BETTING
 CORPORATION; AND
   §  2.  This act shall take effect immediately; provided, however, that
 the amendments to section 212 of the racing,  pari-mutuel  wagering  and
 breeding  law made by section one of this act shall take effect upon the
 confirmation of the New York Racing Association plan  of  reorganization
 pursuant  to  section  16 of chapter 18 of the laws of 2008, as amended;
 provided further, that the amendments to  section  212  of  the  racing,
 pari-mutuel  wagering  and  breeding law made by section one of this act
 shall be deemed repealed as provided by chapter 354 of the laws of 2005,
 as amended.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08310-01-3

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