NY State Senate Bill 2025-S6357

Senate Bill S6357

2025-2026 Legislative Session

Sets compensation and maximum compensation for the boards of directors of off-track betting corporations

download bill text pdf

Current Bill Status - In Senate Committee Racing, Gaming And Wagering 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 11, 2025	referred to racing, gaming and wagering

co-Sponsors

2025-S6357 (ACTIVE) - Details

Current Committee:: Senate Racing, Gaming And Wagering
Law Section:: Racing, Pari-Mutuel Wagering and Breeding Law
Laws Affected:: Amd §502, RWB L

2025-S6357 (ACTIVE) - Summary

Increases compensation and maximum compensation for the boards of directors of off-track betting corporations.

2025-S6357 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S6357

SPONSOR: MARTINEZ
 
TITLE OF BILL:

An act to amend the racing, pari-mutuel wagering and breeding law, in
relation to setting compensation and maximum compensation for the boards
of directors of off-track betting corporations

 
PURPOSE:

To increase the compensation for the boards of directors of off-track
betting corporation.

 
SUMMARY OF PROVISIONS:

Section 1 of this bill amends section 502 of the Racing, Pari-Mutuel
Wagering and Breeding Law by increasing the compensation paid to the
board of directors from $250 per day to $1000 per day for meetings held
pursuant to the by-laws of the board and increases the yearly limit on
such compensation from $2500 to $15000. It increases the daily compen-
sation from $100 to $500, with a yearly limit of $5000, for other meet-

ings as the board decides. It increases the additional compensation for
the chairman of the board elected in accordance with subdivision one of
section 502 of the Racing Pari-Mutuel Wagering and Breeding Law, from
one thousand dollars per year to five thousand dollars per year to cover
those expenses and activities associated with such office.

Section 2 of this bill provides the effective date.

 
JUSTIFICATION:

The compensation for the board of directors of OTB's has not been
increased since 1973. The outdated compensation makes it difficult to
attract qualified candidates for the board of directors. To attract
qualified board members, they must be properly compensated for their
time and expertise. At the current $250 a day for board meetings, and
$100 per day for other meetings, the board of directors are not being
adequately compensated for their time and expertise, or for taking them
away from their other employment and professions. This legislation will
bring compensation in line with the times.

 
LEGISLATIVE HISTORY:

N/A

 
FISCAL IMPLICATIONS:

There is no fiscal impact on the State or local governments.

 
EFFECTIVE DATE:
This act shall take effect in the following fiscal year.

2025-S6357 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6357
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 11, 2025
                                ___________
 
 Introduced by Sens. MARTINEZ, ADDABBO -- read twice and ordered printed,
   and  when  printed  to be committed to the Committee on Racing, Gaming
   and Wagering
 
 AN ACT to amend the racing, pari-mutuel wagering and  breeding  law,  in
   relation  to  setting  compensation  and  maximum compensation for the
   boards of directors of off-track betting corporations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  10 of section 502 of the racing, pari-mutuel
 wagering and breeding law, as added by chapter 462 of the laws of  2000,
 is amended to read as follows:
   10.  a.  The  directors  may  receive a sum of [two hundred fifty] ONE
 THOUSAND dollars for each day or part thereof  spent  in  attendance  at
 meetings  held in accordance with subdivision eight of this section, but
 not to exceed [twenty-five hundred] FIFTEEN THOUSAND dollars during  any
 one year.
   b.  The  directors may receive a sum of [one] FIVE hundred dollars for
 each day or part thereof at meetings other than those defined in  subdi-
 vision  eight  of  this  section  or otherwise in the work of the corpo-
 ration; provided that such activities are approved by the  board  [as  a
 whole].    Such  additional  expenses shall not exceed [fifteen hundred]
 FIVE THOUSAND dollars in any calendar year.
   c. The [chairman] CHAIR of the board elected in accordance with subdi-
 vision one of this section  shall  receive  additional  compensation  of
 [one]  FIVE thousand dollars per year to cover those expenses and activ-
 ities associated with such office.
   d. In addition, the directors shall be reimbursed for their actual and
 necessary expenses incurred in the performance of their official duties.
   e. Any expenses incurred by a director in excess of  those  authorized
 by  paragraph  d  of this subdivision shall be the responsibility of the
 appointing political  subdivision,  payable  on  vouchers  certified  or
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09942-01-5

 S. 6357                             2
 
 approved by the chief fiscal officer of such political subdivision as is
 provided by law.
   §  2. This act shall take effect on the first of April next succeeding
 the fiscal year in which this act shall have become a law.

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Senate Bill S6357

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Sponsored By

Monica R. Martinez