Bill > S03579

This bill extends the provisions of a previous law related to the New York State Thoroughbred Breeding and Development Fund by changing the expiration date from fourteen to seventeen years after the commencement of video lottery terminal (VLT) operations at Aqueduct racetrack. The bill specifically amends Chapter 473 of the 2010 laws, which originally established guidelines for the thoroughbred breeding fund. The key change is in the sunset clause, which now allows the fund's provisions to remain in effect for a longer period. The bill also requires the chair of the fund to notify the legislative bill drafting commission when VLT operations begin at Aqueduct, ensuring accurate record-keeping of the law's effective dates. Additionally, the bill authorizes the immediate development and amendment of any necessary rules or regulations to implement the changes. This extension will provide continued support for the New York thoroughbred breeding industry by maintaining the existing funding mechanisms for a longer period.

Budget and Finance, Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S3579