NY State Fin L § 54-L (2021)
2021 New York Laws STF - State Finance Article 4-A - State Assistance to Local Government 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.