US Laws, Codes, Statutes & Cases

 
    * §  1012.  Telephone  accounts  and  telephone wagering. Any regional
  off-track betting corporation, and any non-profit racing association  or
  harness,  thoroughbred,  quarter horse racing association or corporation
  licensed to conduct pari-mutuel racing may  maintain  telephone  betting
  accounts  for  wagers placed on races and special events offered by such
  corporation, corporation or association.
    1. Any regional  off-track  betting  corporation  and  any  non-profit
  racing  association  or  harness,  thoroughbred,  quarter  horse  racing
  association or corporation licensed to conduct  pari-mutuel  racing  may
  require  a minimum account balance in an amount to be determined by such
  entity.
    2.  a.  Any  regional  off-track  betting  corporation   may   suspend
  collection   of   the  surcharge  imposed  under  section  five  hundred
  thirty-two of  this  chapter  on  winning  wagers  placed  in  telephone
  accounts maintained by such regional corporation.
    b.  In  a  city  of one million or more any regional off-track betting
  corporation, with the approval of the mayor of such  city,  may  suspend
  collection   of   the  surcharge  imposed  under  section  five  hundred
  thirty-two of  this  chapter  in  winning  wagers  placed  in  telephone
  accounts maintained by such regional corporation.
    3.  Any  telephone  account maintained by a regional off-track betting
  corporation, non-profit racing  association  or  harness,  thoroughbred,
  quarter  horse  association or corporation, with inactivity for a period
  of three years shall be  forfeited  and  paid  to  the  commissioner  of
  taxation  and  finance. Such amounts when collected shall be paid by the
  commissioner of taxation and finance into the general fund of the  state
  treasury.
    4.  The  maintenance and operation of such telephone accounts provided
  for in this section shall be subject to rules  and  regulations  of  the
  state  racing  and  wagering  board.  The  board  shall  include in such
  regulation a requirement that telephone account  information  pertaining
  to  surcharge  and  nonsurcharge  telephone accounts shall be separately
  reported.
    5. The provisions of this section shall expire and be  of  no  further
  force and effect after June thirtieth, two thousand seven.
    * NB Expires June 30, 2007