N.Y. State Finance Law § 54-l: State assistance to eligible cities and eligible municipalities in which a video lottery gaming facility is located

§ 54-l. State assistance to eligible cities and eligible

municipalities in which a video lottery gaming facility is located. 1.

Definitions. When used in this section, unless otherwise expressly

stated:

a. "Eligible city" shall mean a city with a population equal to or

greater than one hundred twenty-five thousand and less than one million

in which a video lottery gaming facility is located and operating as of

January first, two thousand nine pursuant to section sixteen hundred

seventeen-a of the tax law.

b. "Eligible municipality" shall mean a county, city, town or village

in which a video lottery gaming facility is located pursuant to section

sixteen hundred seventeen-a of the tax law that is not located in a city

with a population equal to or greater than one hundred twenty-five

thousand.

2. a. Within the amount appropriated therefor, an eligible city shall

receive an amount equal to the state aid payment received in the state

fiscal year commencing April first, two thousand eight from an

appropriation for aid to municipalities with video lottery gaming

facilities.

b. Within the amounts appropriated therefor, eligible municipalities

shall receive an amount equal to seventy percent of the state aid

payment received in the state fiscal year commencing April first, two

thousand eight from an appropriation for aid to municipalities with

video lottery gaming facilities, except as otherwise provided by

subdivision five of this section.

3. a. State aid payments made to an eligible city pursuant to

paragraph a of subdivision two of this section shall be used to increase

support for public schools in such city.

b. State aid payments made to an eligible municipality pursuant to

paragraph b of subdivision two of this section shall be used by such

eligible municipality to: (i) defray local costs associated with a video

lottery gaming facility, or (ii) minimize or reduce real property taxes.

4. Payments of state aid pursuant to this section shall be made on or

before June thirtieth of each state fiscal year to the chief fiscal

officer of each eligible city and each eligible municipality on audit

and warrant of the state comptroller out of moneys appropriated by the

legislature for such purpose to the credit of the local assistance fund

in the general fund of the state treasury.

5. The town and county in which the facility defined in paragraph five

of subdivision a of section sixteen hundred seventeen-a of the tax law

is located shall receive assistance payments made pursuant to this

section at the same dollar level realized by the village of Monticello,

Sullivan county, the town of Thompson, Sullivan county, and Sullivan

county in the state fiscal year commencing April first, two thousand

nineteen; provided however that the amount that was allocated to the

village of Monticello shall be distributed evenly between such town and

such county. Any payments made pursuant to this subdivision shall not

commence until the facility defined in paragraph five of subdivision a

of section sixteen hundred seventeen-a of the tax law has realized

revenue for a period of twelve consecutive months.