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 S03579 seeks to amend the New York state racing, pari-mutuel wagering, and breeding law by extending the provisions of the New York state thoroughbred breeding and development fund. The extension will last until seventeen years after the commencement of operations of a video lottery facility at the Aqueduct racetrack. This change aims to provide continued support and funding for thoroughbred breeding and development in New York, which is crucial for the state's horse racing industry.
Impact
The bill will have a significant impact on the New York state thoroughbred breeding and development fund by prolonging its provisions and ensuring financial support for the industry. This extension is expected to bolster the breeding and development of thoroughbreds in the state, which may lead to increased economic activity related to horse racing and breeding, including job creation and tourism.
Sentiment
The sentiment surrounding Bill S03579 appears to be largely positive, as indicated by the voting history. The bill passed unanimously in the Senate Racing, Gaming and Wagering Committee and received strong support during the final votes in both the Senate and Assembly, suggesting broad bipartisan agreement on the importance of supporting the thoroughbred industry in New York.
Contention
While the bill has received significant support, there may be some contention regarding the duration of the extension and its implications for future funding priorities. Some stakeholders may argue about the allocation of resources and whether the extension aligns with the broader goals of state gaming and wagering policies. However, no specific points of contention were highlighted in the discussions or voting history.
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.