S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3565
 
                        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  mandating  a  fixed  percentage  of annual harness horse
   breeders awards and requiring that all sire stakes funds generated  by
   a  specific  racetrack be returned as purses to such track at the same
   level
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The opening paragraph and paragraph f of subdivision 1 of
 section 332 of the racing, pari-mutuel wagering and  breeding  law,  the
 opening  paragraph  as  amended  by  chapter 429 of the laws of 2008 and
 paragraph f as amended by chapter 56 of the laws of 1991, are amended to
 read as follows:
   To collect and receive in each calendar year amounts to be paid to the
 fund by the persons or  corporations  licensed  to  conduct  pari-mutuel
 betting at harness racing tracks, an amount equal to three-fifths of one
 per  centum of all moneys deposited in pari-mutuel betting pools result-
 ing from on-track bets at all races conducted by licensees at a  harness
 horse  meeting or races run thereat except that for super exotic betting
 pools such amount shall be three per centum of such bets, as provided by
 paragraph c of subdivision one of section three hundred eighteen of this
 article and to collect and receive in each calendar year to be  paid  to
 the  fund  by each regional corporation, an amount equal to three-fifths
 of one per centum of daily pools derived from off-track bets on  harness
 races  except  that  for super exotic betting pools such amount shall be
 three per centum of such bets as provided by subdivision five of section
 five hundred twenty-seven of this chapter; provided however, that  after
 April first, nineteen hundred eighty-six, the amount to be collected and
 received from such licensees and regional corporations, except for super
 exotic  betting  pools,  shall  be  one  per  centum, and to collect and

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04723-01-3
              

 A. 3565                             2
 
 receive such funds as may otherwise be authorized  by  law.  The  moneys
 shall  be deposited forthwith in a bank or banks in this state. The fund
 is authorized to dispose of and distribute the  monies  received  by  it
 pursuant to the provisions of this chapter for the following purpose and
 no others, WITH THE BALANCE DISTRIBUTED TO EACH TRACK MADE IN PROPORTION
 TO  SUCH  TRACK'S CONTRIBUTION FROM ALL REVENUE SOURCES FROM SUCH TRACK,
 MADE TO THE FUND, BEARS TO THE TOTAL CONTRIBUTIONS TO THE FUND FROM  ALL
 SUCH  TRACKS.  EACH  TRACK  CONTRIBUTING  TO THE FUND SHALL UTILIZE SUCH
 MONIES PAID TO IT FOR PURSES, PRIZES  AND  PREMIUMS  FOR  NEW  YORK-BRED
 HARNESS HORSES:
   f.  An amount as shall be determined by the fund but shall not be less
 than seventy-five percent thereof in an  account  designated  "New  York
 state breeding farms", and of such amount [not less than ten percent nor
 more  than]  twenty  percent  [as determined by the trustees of the fund
 may] SHALL be used exclusively for breeders' awards for  New  York-breds
 and awards to owners of eligible stallions.
   § 2. This act shall take effect immediately.