Bill > S07411

This bill amends the state finance law to specify how the monies appropriated and received each year by the state as a portion of the negotiated percentage of the net drop from electronic gaming devices at a gaming facility in the city of Niagara Falls shall be budgeted and disbursed by the city. The bill requires that 80% of the total annual amount received be available for expenditure by the city for economic development, neighborhood revitalization, public health and safety, and infrastructure improvement, with certain allocations to specific entities such as the Niagara Falls Memorial Medical Center and the Niagara Falls City School District. The remaining 20% is to be allocated for specific purposes, including marketing and tourism promotion, the Niagara Falls Underground Railroad Interpretive Center, and infrastructure and road improvement projects.