Extends the provisions relating to the New York state thoroughbred breeding and development fund until seventeen years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
Summary
Bill A06457 seeks to amend the existing laws governing the New York state thoroughbred breeding and development fund by extending its provisions for an additional seventeen years following the commencement of operations at a video lottery facility at Aqueduct racetrack. This extension aims to ensure continued support and funding for thoroughbred breeding and development in New York, which is significant for the state's horse racing industry and related economic activities.
Impact
The bill's passage will prolong the effectiveness of the thoroughbred breeding and development fund, which plays a crucial role in promoting the breeding of thoroughbred horses in New York. This could lead to increased economic activity within the horse racing sector, including job creation and support for local businesses associated with the industry. The amendment will also necessitate updates to the legislative database to reflect the new expiration date of the fund's provisions.
Sentiment
The sentiment surrounding Bill A06457 appears to be overwhelmingly positive, as indicated by the unanimous votes in favor during committee discussions. The support from various committees suggests that there is a strong consensus on the importance of the thoroughbred breeding and development fund for the state's economy and the horse racing community.
Contention
There are no significant points of contention noted in the discussions or voting history related to Bill A06457. The unanimous support across multiple committees indicates a shared agreement on the necessity of extending the fund's provisions, with no opposing views recorded during the voting process.
Same As
Extends the provisions relating to the New York state thoroughbred breeding and development fund until seventeen years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
Extends the provisions relating to the New York state thoroughbred breeding and development fund until seventeen years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
Extends the provisions relating to the New York state thoroughbred breeding and development fund until twelve years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
Extends the provisions relating to the New York state thoroughbred breeding and development fund until eleven years after the commencement of the operation of a video lottery terminal facility at Aqueduct racetrack.
Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars.
Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars.