Provides that $1,600,000 of any funds from gaming devices located within the county of Niagara shall be transferred to the Niagara county industrial development agency for use to fund downtown economic development initiatives within the city of Niagara Falls.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A4333
SPONSOR: Morinello TITLE OF BILL:
An act to amend the state finance law, in relation to the sharing of
revenue from gaming devices located within the county of Niagara
PURPOSE:
This legislation would allocate $1.6 million from the State's share of
casino funds to the Niagara County IDA to fund downtown economic devel-
opment.
SUMMARY OF PROVISIONS:
Section 1 of the bill allocates $1.6 million for downtown economic
development within the city of Niagara Falls. Funds may be used but are
not limited to, rehabilitation of buildings, installation of signage,
training of existing or new employees, installation of machinery.
Specifically, states that no funds shall be allocated for general obli-
gations and responsibilities traditionally provided by the city of
Niagara Falls.
Section 2 is the effective date.
JUSTIFICATION:
When the deal was struck to place a casino in Niagara Falls there was
much hope that its placement and the funding being sent to•the County
would serve as a catalyst to help redevelop the downtown. Unfortunatet-
ly, this vision has not been realized. This legislation seeks to focus
in on downtown Niagara Falls aimed solely at economic development and
job creation via the expertise of the Niagara County IDA.
PRIOR LEGISLATIVE HISTORY:•
S.652 of 2023/2024; Referred to Finance
A.5282 Referred to Racing and Wagering
S. 2699 of 2021/2022; Referred to Finance
S. 119 of 2019/20; Referred to Finance
S. 734 of 2017/2018; referred to Finance Committee
S. 6795A of 2016; referred to Finance Committee
FISCAL IMPLICATIONS:
$1.6 million to the State, however the SFY 2016-2017 included the same
amount for this explicit purpose as a 1-year appropriation.
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
4333
2025-2026 Regular Sessions
IN ASSEMBLY
February 4, 2025
___________
Introduced by M. of A. MORINELLO -- read once and referred to the
Committee on Racing and Wagering
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, as added by section
2 3 of part B of chapter 383 of the laws of 2001, is amended by adding a
3 new subdivision 3-b to read as follows:
4 3-b. One million six hundred thousand dollars of any funds actually
5 received by the state pursuant to subdivision two of this section, after
6 transfer to the general fund, shall be transferred to the Niagara county
7 industrial development agency for use to fund downtown economic develop-
8 ment initiatives within the city of Niagara Falls including, but not
9 limited to, the rehabilitation of buildings, installation of signage,
10 training of existing or new employees in techniques related to their
11 industry, and installation of appropriate industry related machinery,
12 but shall not include general obligations and responsibilities tradi-
13 tionally provided by the city of Niagara Falls.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD01629-01-5
