Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 29, 2025 |
referred to finance |
Senate Bill S3618
2025-2026 Legislative Session
Sponsored By
(R, C, IP) 62nd Senate District
Current Bill Status - In Senate Committee Finance 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
Actions
2025-S3618 (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- State Finance Law
- Laws Affected:
- Amd §99-h, St Fin L
- Versions Introduced in 2023-2024 Legislative Session:
-
S7411
2025-S3618 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3618 SPONSOR: ORTT TITLE OF BILL: An act to amend the state finance law, in relation to the tribal-state compact revenue account PURPOSE: The purpose of this bill is to amend Section 99-h of the State Finance Law to designate how revenues are distributed within the City of Niagara Falls SUMMARY OF PROVISIONS: Section 1 amends section 1 of part V of section 99-h of the state finance law to add a new subdivision 4 that would allocate monies received each year as a portion of the negotiated percentage of the net drop from electronic gaming devices from the operation of the gaming facility in the city of Niagara Falls.
2025-S3618 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3618 2025-2026 Regular Sessions I N S E N A T E January 29, 2025 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the tribal-state compact revenue account THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 99-h of the state finance law, as amended by section 1 of part V of chapter 59 of the laws of 2006, is amended by adding a new subdivision 4 to read as follows: 4. (A) MONIES WHICH ARE APPROPRIATED AND RECEIVED EACH YEAR BY THE STATE AS A PORTION OF THE NEGOTIATED PERCENTAGE OF THE NET DROP FROM ELECTRONIC GAMING DEVICES THE STATE RECEIVES IN RELATION TO THE OPERA- TION OF A GAMING FACILITY IN THE CITY OF NIAGARA FALLS, COUNTY OF NIAGARA AS REQUIRED UNDER SUBDIVISION THREE OF THIS SECTION, SHALL BE BUDGETED AND DISBURSED BY THE CITY OF NIAGARA FALLS IN THE FOLLOWING MANNER: (I) EIGHTY PERCENT OF THE TOTAL ANNUAL AMOUNT RECEIVED SHALL BE AVAIL- ABLE FOR EXPENDITURE BY THE CITY OF NIAGARA FALLS FOR SUCH PUBLIC PURPOSES AS ARE DETERMINED, BY THE CITY, TO BE NECESSARY AND DESIRABLE TO ACCOMMODATE AND ENHANCE ECONOMIC DEVELOPMENT, NEIGHBORHOOD REVITALI- ZATION, PUBLIC HEALTH AND SAFETY, AND INFRASTRUCTURE IMPROVEMENT IN THE CITY, SHALL BE DEPOSITED INTO THE TRIBAL REVENUE ACCOUNT OF THE CITY AND ANY AND ALL INTEREST AND INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF SUCH MONIES SHALL BE DEPOSITED INTO THE GENERAL OPERATING FUND OF THE CITY; PROVIDED HOWEVER, THAT ANY AMOUNT ALLOCATED TO THE NOT-FOR-PROFIT ORGANIZATION KNOWN AS THE NIAGARA FALLS UNDERGROUND RAILROAD INTERPRE- TIVE CENTER CREATED TO CONTINUE THE NIAGARA FALLS UNDERGROUND RAILROAD HERITAGE COMMISSION'S MISSION TO OPERATE AN UNDERGROUND RAILROAD MUSEUM, TO THE EXTENT THAT ITS SHARE PURSUANT TO THE FORMULA ESTABLISHED IN CLAUSE FOUR OF SUBPARAGRAPH (II) OF THIS PARAGRAPH EXCEEDS ONE PERCENT, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04291-02-5 S. 3618 2
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