New York S04550 requires written consent from at least 51% of New York thoroughbred horsemen before spending funds from certain accounts.

New York S04550 amends the racing, pari-mutuel wagering, and breeding law to mandate that the New York thoroughbred horsemen's association must provide written consent representing at least 51% of the horsemen before any funds from specific accounts can be allocated or spent. This consent requirement does not apply to payment obligations already mandated by law. The changes take effect immediately.

New York S04550 requires written consent from at least 51% of New York thoroughbred horsemen before spending funds from certain accounts.

New York S04550 amends the racing, pari-mutuel wagering, and breeding law to mandate that the New York thoroughbred horsemen's association must provide written consent representing at least 51% of the horsemen before any funds from specific accounts can be allocated or spent. This consent requirement does not apply to payment obligations already mandated by law. The changes take effect immediately.