§ 254. Resources of fund. 1. * a. The fund is authorized and directed\nto collect and receive on a quarterly basis in each calendar year from\nany racing corporation or regional off-track betting corporations from\non-track wagers or off-track wagers, as the case may be, the sum of\none-half of one percent of regular, multiple and exotic wagers, and\nthree percent of super exotic wagers and to deposit such moneys in a\nbank or banks in this state.\n * NB Effective until October 28, 2028\n * a. The fund is authorized and directed to collect and receive in\neach calendar year from any racing corporation or regional off-track\nbetting corporations from on-track wagers or off-track wagers, as the\ncase may be, the sum of one-half of one percent of regular, multiple and\nexotic wagers, and three percent of super exotic wagers and to deposit\nsuch moneys in a bank or banks in this state.\n * NB Effective October 28, 2028\n b. The fund is authorized to receive one and one-half percent of the\ntotal wagered after payout of prizes for the operation of video lottery\ngaming at Aqueduct racetrack for an appropriate breeding fund for the\nmanner of racing conducted at Aqueduct racetrack, Belmont Park racetrack\nand Saratoga race course.\n 2. The fund is authorized to dispose and distribute the moneys\nreceived by it pursuant to this chapter and in accordance with\ndistribution schedules promulgated by the fund and adopted in the rules\nand regulations of the commission. Such schedules shall be developed and\nbased on reasonable estimates of fund income for the fiscal year of the\nfund and made available prior to January first of each year. In\nformulating distribution schedules, the board of directors of the fund\nmay determine that for those New York-breds foaled after December\nthirty-first, nineteen hundred eighty-seven, the amounts to be made\navailable in awards to the breeders and owners of such New York-breds\nthat have been sired by registered New York stallions may exceed the\namounts to be made available to the breeders and owners of such New\nYork-breds sired by other than registered New York stallions. Such\nschedules may be adjusted, from time to time, by majority vote of the\nboard of directors of the fund, for the following purposes and no other:\n * a. An amount as shall be determined by the fund, but not in excess\nof forty-three percent as awards to breeders of New York-breds finishing\nfirst, second, third and fourth in pari-mutuel races run in New York\nstate; except that during any calendar year when the total percentage of\nbreeder awards exceeds forty-three percent of total revenue, the fund,\nby a two-thirds vote of its board, may increase the percentage of\nrevenue allotted to breeder awards, but in no event shall the allotment\nexceed sixty-five percent of total revenue.\n * NB Effective until October 28, 2028\n * a. An amount as shall be determined by the fund, but not in excess\nof forty-three percent as awards to breeders of New York-breds finishing\nfirst, second, third and fourth in pari-mutuel races run in New York\nstate; except that during any calendar year when the total percentage of\nbreeder awards exceeds forty-three percent of total revenue, the fund,\nby a two-thirds vote of its board, may increase the percentage of\nrevenue allotted to breeder awards, but in no event shall the allotment\nexceed fifty percent of total revenue.\n * NB Effective October 28, 2028\n b. An amount as shall be determined by the fund, but not in excess of\nthirty-three percent as premiums to owners of New York-breds finishing\nfirst, second, third and fourth in pari-mutuel races run in New York\nstate and not restricted to New York-breds; except that during any\ncalendar year when the total percentage of owner awards exceeds\nthirty-three percent of total revenue, the fund, by a two-thirds vote of\nits board, may increase the percentage of revenue allotted to owner\nawards, but in no event shall the allotment exce
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