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S4865 • 2025

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Patricia Fahy
Last action
2026-05-20
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.

What This Bill Does

  • Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-20 Senate

    REPORTED AND COMMITTED TO FINANCE

  2. 2026-01-07 Senate

    REFERRED TO RACING, GAMING AND WAGERING

  3. 2025-02-13 Senate

    REFERRED TO RACING, GAMING AND WAGERING

Official Summary Text

Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets
Relates to the authority of the capital district regional off-track betting corporation to retain and disburse certain uncashed tickets to the corporations' participating counties.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          4865

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    February 13, 2025
                                       ___________

        Introduced  by  Sen.  FAHY  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Racing, Gaming and  Wager-
          ing

        AN  ACT  to  amend the racing, pari-mutuel wagering and breeding law, in
          relation to the authority of the capital district  regional  off-track
          betting corporation to retain and disburse certain uncashed tickets

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Section 529 of the racing, pari-mutuel wagering and  breed-
     2  ing law is amended by adding a new subdivision 3 to read as follows:
     3    3.  NOTWITHSTANDING  SUBDIVISION  TWO  OF THIS SECTION, FOR A REGIONAL
     4  OFF-TRACK BETTING CORPORATION THAT IS COMPRISED IN THE CAPITAL DISTRICT,
     5  ONE HUNDRED PERCENT OF THE BALANCE OF SUCH ACCOUNT  REMAINING  UNCLAIMED
     6  AS  OF THE LAST DAY OF FEBRUARY OF SUCH YEAR SHALL BE DISTRIBUTED PURSU-
     7  ANT TO SECTION FIVE HUNDRED SIXTEEN OF  THIS  CHAPTER  TO  PARTICIPATING
     8  COUNTIES COMPRISING THE CAPITAL DISTRICT CORPORATION BY MARCH FIFTEENTH.
     9  A  PENALTY  OF  FIVE PERCENT AND INTEREST AT THE RATE OF ONE PERCENT PER
    10  MONTH FROM THE DUE DATE TO THE DATE OF PAYMENT OF THE UNCLAIMED  BALANCE
    11  DUE  APRIL  FIRST SHALL BE PAYABLE IN CASE SUCH BALANCE IS NOT PAID WHEN
    12  DUE UNDER THIS SECTION.
    13    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09491-01-5