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S T A T E O F N E W Y O R K
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9575
I N A S S E M B L Y
January 21, 2026
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Introduced by M. of A. WOERNER -- 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 requiring annual reports to the governor and the legisla-
ture by the franchise oversight board
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subparagraph (xii) of paragraph a of subdivision 8 of
2 section 212 of the racing, pari-mutuel wagering and breeding law, as
3 amended by chapter 18 of the laws of 2008, is amended to read as
4 follows:
5 (xii) [report annually] FILE A MANDATORY ANNUAL REPORT to the governor
6 and the legislature[, beginning] no later than December thirty-first[,
7 two thousand eight,] OF EACH YEAR stating its findings and recommenda-
8 tions to implement policy and legislative changes necessary to encourage
9 the continuation of high quality thoroughbred racing in New York state
10 and to protect the legitimate interests of the state and the thorough-
11 bred racing industry. SUCH REPORT SHALL INCLUDE, AT A MINIMUM:
12 (A) A SUMMARY OF THE FRANCHISE OVERSIGHT BOARD'S ACTIVITIES DURING THE
13 PRECEDING YEAR;
14 (B) AN ANALYSIS OF THE FRANCHISED CORPORATION'S FINANCIAL PERFORMANCE
15 AND OPERATION OF THOROUGHBRED RACING AND PARI-MUTUEL WAGERING AT THE
16 RACETRACKS;
17 (C) WHETHER THE FRANCHISED CORPORATION HAS COMPLIED WITH THE DEFINI-
18 TIVE DOCUMENTS THAT COMPROMISE THE FRANCHISE AGREEMENT BETWEEN THE FRAN-
19 CHISED CORPORATION AND THE STATE OF NEW YORK, AND WHETHER IT HAS
20 COMPLIED WITH THE LAWS, RULES AND REGULATIONS GOVERNING ITS ACTIVITIES;
21 (D) WHETHER THE FRANCHISE OVERSIGHT BOARD HAS NOTIFIED THE FRANCHISED
22 CORPORATION OF ANY MATERIAL BREACH OF PERFORMANCE STANDARDS;
23 (E) AN IDENTIFICATION OF POLICY AND REGULATORY CHALLENGES;
24 (F) SPECIFIC LEGISLATIVE AND REGULATORY RECOMMENDATIONS; AND
25 (G) ANY OTHER MATTERS THE FRANCHISE OVERSIGHT BOARD DEEMS RELEVANT TO
26 ITS OVERSIGHT RESPONSIBILITIES;
27 § 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14374-01-6