N.Y. State Finance Law § 99-i: Racing regulation account

§ 99-i. Racing regulation account. 1. There is hereby established in

the joint custody of the comptroller and the gaming commission a special

revenue fund to be known as the "racing regulation account".

2. The racing regulation account shall consist of all money received

by the commission as regulatory fees and market origin fees pursuant to

the provisions of the racing, pari-mutuel wagering and breeding law.

3. Moneys of this account shall be available to the commission to pay

for the costs of carrying out the purposes of the racing, pari-mutuel

wagering and breeding law; provided, however, an amount equal to twelve

and eight-tenths percent of the amount received by the account from the

market origin fee imposed by subdivision six of section one thousand

twelve-a of the racing, pari-mutuel wagering and breeding law shall be

transferred to the state department of taxation and finance and the

department shall deem this transfer as a payment of a pari-mutuel tax.

4. All payments from the fund shall be made on the audit and warrant

of the comptroller.