Bill > A07526

This bill amends the state finance law to address the distribution of monies appropriated and received each year by the state as a portion of the negotiated percentage of the net drop from electronic gaming devices the state receives. Specifically, it requires that for any gaming facility located in the city of Niagara Falls, county of Niagara, a minimum of 25% of the negotiated percentage of the net drop from electronic gaming devices the state receives must be distributed according to the provisions of the bill. These provisions outline how the monies must be budgeted and disbursed by the city of Niagara Falls, including allocating 80% for the city's public purposes and 20% for specific entities and projects, such as the Niagara Falls Memorial Medical Center, the Niagara Falls City School District, and the Niagara Tourism and Convention Center Corporation.