STATE OF NEW YORK ________________________________________________________________________ 8483 2017-2018 Regular Sessions IN ASSEMBLY June 16, 2017 ___________ Introduced by M. of A. FAHY, McDONALD -- read once and referred to the Committee on Racing and Wagering AN ACT to amend the racing, pari-mutuel wagering and breeding law, in relation to unclaimed winnings and refunds from off-track pari-mutuel betting; and to repeal subdivision 2 of section 529 of such law relat- ing thereto The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 2 of section 529 of the racing, pari-mutuel 2 wagering and breeding law is REPEALED, and a new subdivision 2 is added 3 to read as follows: 4 2. The balance of such account remaining unclaimed as of the first of 5 April each year shall be transferred to the regional corporation's oper- 6 ating account and may be used for any corporate purpose. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13129-01-7