2015 New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 2 - (Racing, Pari-Mutuel Wagering and Breeding Law) THOROUGHBRED RACING AND BREEDING
254 - Resources of fund.

  254. Resources of fund. 1. * a. The fund is authorized and directed
  to collect and receive on a quarterly basis in each calendar  year  from
  any  racing  corporation or regional off-track betting corporations from
  on-track wagers or off-track wagers, as the case  may  be,  the  sum  of
  one-half  of  one  percent  of  regular, multiple and exotic wagers, and
  three percent of super exotic wagers and to deposit  such  moneys  in  a
  bank or banks in this state.
* NB Effective until October 28, 2016
* a.  The  fund  is  authorized and directed to collect and receive in
  each calendar year from any racing  corporation  or  regional  off-track
  betting  corporations  from  on-track wagers or off-track wagers, as the
  case may be, the sum of one-half of one percent of regular, multiple and
  exotic wagers, and three percent of super exotic wagers and  to  deposit
  such moneys in a bank or banks in this state.
* NB Effective October 28, 2016
b.  The fund is authorized to receive one percent of the total wagered
  after payout of prizes for the first year of operation of video  lottery
  gaming  at  Aqueduct racetrack, one and one-quarter percent of the total
  wagered after payout of prizes for the second year of operation, and one
  and one-half percent of the total wagered after payout of prizes for the
  third year of operation and thereafter, for an appropriate breeding fund
  for the manner of racing conducted at Aqueduct racetrack,  Belmont  Park
  racetrack and Saratoga race course.
2.  The  fund  is  authorized  to  dispose  and  distribute the moneys
  received  by  it  pursuant  to  this  chapter  and  in  accordance  with
  distribution  schedules promulgated by the fund and adopted in the rules
  and regulations of the board. Such  schedules  shall  be  developed  and
  based  on reasonable estimates of fund income for the fiscal year of the
  fund and made  available  prior  to  January  first  of  each  year.  In
  formulating distribution schedules, the board of directors may determine
  that  for  those  New  York-breds  foaled  after  December thirty-first,
  nineteen hundred eighty-seven, the  amounts  to  be  made  available  in
  awards to the breeders and owners of such New York-breds which have been
  sired by registered New York stallions may exceed the amounts to be made
  available  to  the  breeders  and owners of such New York-breds sired by
  other  than  registered  New  York  stallions.  Such  schedules  may  be
  adjusted, from time to time, by majority vote of the board of directors,
  for the following purposes and no other:
* a.  An  amount as shall be determined by the fund, but not in excess
  of forty-three percent as awards to breeders of New York-breds finishing
  first, second, third and fourth in pari-mutuel races  run  in  New  York
  state; except that during any calendar year when the total percentage of
  breeder  awards  exceeds forty-three percent of total revenue, the fund,
  by a two-thirds vote of  its  board,  may  increase  the  percentage  of
  revenue  allotted to breeder awards, but in no event shall the allotment
  exceed sixty-five percent of total revenue.
* NB Effective until October 28, 2016
* a. An amount as shall be determined by the fund, but not  in  excess
  of forty-three percent as awards to breeders of New York-breds finishing
  first,  second,  third  and  fourth in pari-mutuel races run in New York
  state; except that during any calendar year when the total percentage of
  breeder awards exceeds forty-three percent of total revenue,  the  fund,
  by  a  two-thirds  vote  of  its  board,  may increase the percentage of
  revenue allotted to breeder awards, but in no event shall the  allotment
  exceed fifty percent of total revenue.
* NB Effective October 28, 2016
b.  An amount as shall be determined by the fund, but not in excess of
  thirty-three percent as premiums to owners of New  York-breds  finishing

  first,  second,  third  and  fourth in pari-mutuel races run in New York
  state and not restricted to  New  York-breds;  except  that  during  any
  calendar  year  when  the  total  percentage  of  owner  awards  exceeds
  thirty-three percent of total revenue, the fund, by a two-thirds vote of
  its  board,  may  increase  the  percentage of revenue allotted to owner
  awards, but in no event shall the  allotment  exceed  forty  percent  of
  total revenue.
c.  An  amount as shall be determined by the fund but not in excess of
  fifteen percent as awards to stallion owners, whose New  York  stallions
  have  sired  New York-breds finishing first, second, third and fourth in
  pari-mutuel races run in New York state; except that during any calendar
  year when the  total  percentage  of  stallion  awards  exceeds  fifteen
  percent  of  total revenue, the fund, by a two-thirds vote of its board,
  may increase the percentage of revenue allotted to stallion awards,  but
  in no event shall the allotment exceed twenty percent of total revenue.
d.  (i) An amount as shall be determined by the fund but not in excess
  of forty-four percent  to  provide  purse  moneys  exclusively  for  New
  York-breds  entered  in  all  races,  the  conditions of which have been
  approved by the fund. Provided, however, that the fund shall  set  aside
  forty  percent  of  the  funds allotted under this subdivision to tracks
  operated by corporations licensed or franchised in accordance  with  the
  provisions  of  section  two  hundred five or section two hundred six of
  this article except that in addition to the other  amounts  allotted  by
  the  fund  under  this  paragraph, seventy-five percent of fund revenues
  derived from payments received in accordance  with  subdivision  one  of
  section  five  hundred  twenty-seven  of  this chapter shall be allotted
  exclusively to purses at a track  operated  by  a  corporation  licensed
  under the provisions of section two hundred five of this article.
(ii)  The  fund may direct a portion or portions of revenues allocated
  in this paragraph and dedicated to  a  racing  corporation  licensed  in
  accordance  with section two hundred five of this article to pari-mutuel
  races at such track which are not restricted to New York-breds  provided
  that  the  revenues so allocated shall only be used to enrich any purses
  awarded to New York-breds finishing  first,  second,  third,  fourth  or
  fifth in such non-restricted races.
* e. An amount as shall be determined by the fund but not in excess of
  six percent to advance and promote breeding and raising of thoroughbreds
  in  this  state  by  the  publication  and  dissemination of information
  relating thereto, and the encouragement  of  interest,  including  among
  youth, in the breeding and raising of New York-breds, and to advance and
  promote interest generally in agricultural pursuits.
* NB Effective until October 28, 2016
* e. An amount as shall be determined by the fund but not in excess of
  five   percent   to   advance   and  promote  breeding  and  raising  of
  thoroughbreds in this state by  the  publication  and  dissemination  of
  information   relating  thereto,  and  the  encouragement  of  interest,
  including among youth, in the breeding and raising  of  New  York-breds,
  and to advance and promote interest generally in agricultural pursuits.
* NB Effective October 28, 2016
* f. An amount as shall be determined by the fund but not in excess of
  five percent for the administration and management of the fund.
* NB Effective until October 28, 2016
* f. An amount as shall be determined by the fund but not in excess of
  four percent for the administration and management of the fund.
* NB Effective October 28, 2016
g.  An amount equal to two percent thereof for the promotion of equine
  research through a fund of a land grant  university  within  this  state
  with a regents approved veterinary college facility.

All  moneys  of the fund in excess of seventy-five thousand dollars on
  hand at the end of each calendar year shall be apportioned  between  and
  paid  to the state and the regional off-track betting corporations based
  on the level of contributions to such fund during the year by the racing
  corporations   and   the   regional   off-track   betting  corporations,
  respectively. Payment of such money to the state and such  corporations,
  respectively, shall be made by March fifteenth of the year following the
  close of such calendar year.
That  portion  returned to the regional off-track betting corporations
  shall  be  distributed  prior  to  May  first  of  such  year   to   the
  participating   local   governments  within  each  region  in  the  same
  proportion as the  net  earnings  of  such  corporation  for  the  prior
  calendar year were distributed.