Increases the excess limit for funds in the New York state thoroughbred breeding and development fund from $75,000 to $500,000.
The bill amends the racing, pari-mutuel wagering, and breeding law to increase the excess limit for funds in the New York state thoroughbred breeding and development fund from seventy-five thousand dollars to five hundred thousand dollars. This change affects the distribution of funds in excess of the specified limit, which will now be apportioned between the state and regional off-track betting corporations based on contributions.
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