STATE OF NEW YORK ________________________________________________________________________ 734 2017-2018 Regular Sessions IN SENATE January 4, 2017 ___________ Introduced by Sen. ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend the state finance law, in relation to the sharing of revenue from gaming devices located within the county of Niagara The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 99-h of the state finance law is amended by adding 2 a new subdivision 3-b to read as follows: 3 3-b. One million six hundred thousand dollars of any funds actually 4 received by the state pursuant to subdivision two of this section, after 5 transfer to the general fund, shall be transferred to the Niagara county 6 industrial development agency for use to fund downtown economic develop- 7 ment initiatives within the city of Niagara Falls including, but not 8 limited to, the rehabilitation of buildings, installation of signage, 9 training of existing or new employees in techniques related to their 10 industry, and installation of appropriate industry related machinery, 11 but shall not include general obligations and responsibilities tradi- 12 tionally provided by the city of Niagara Falls. 13 § 2. This act shall take effect immediately; provided, however, that 14 the amendments to section 99-h of the state finance law made by section 15 one of this act shall survive the expiration and reversion of such 16 section pursuant to chapter 747 of the laws of 2006. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04590-01-7