New York A06019 amends the racing, pari-mutuel wagering, and breeding law to transfer unclaimed funds from a non-escrowed account to a regional.
New York A06019 amends the racing, pari-mutuel wagering, and breeding law to change the handling of unclaimed funds in a non-escrowed account. Specifically, it mandates that any balance remaining unclaimed after April 1st of each year be transferred to the regional corporation's operating account. This change affects ticket holders and the regional corporation managing the account. The bill also repeals certain provisions related to the payment of unclaimed balances to the Department of Taxation and Finance.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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