Allocates 23% of Catskill off-track betting corporation's capital acquisition fund for past due obligations from April 1, 2025, to March 31, 2026.
The bill amends the racing, pari-mutuel wagering, and breeding law to allocate 23% of the Catskill off-track betting corporation's capital acquisition fund for specific past due obligations from April 1, 2025, to March 31, 2026. These obligations include debts to other racing associations, statutory payments to various funds, and obligations to the state. The corporation must submit an expenditure plan to the gaming commission for approval before accessing these funds.
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