NY Tax L § 1615 (2021)
2021 New York Laws TAX - Tax Article 34 - New York State Lottery for Education 1615 - Fiscal Year of Lottery, Reporting Requirements and Fiscal Planning.

§  1615.  Fiscal  year  of  lottery, reporting requirements and fiscal planning. a. All books, accounts and records of the  division,  relating to  the  state  lottery,  shall be kept by fiscal years beginning on the first day of April and ending on the  thirty-first  day  of  March  next following.  The  division  shall  separately  identify  the actual sales receipts, prizes, appropriations and expenditures  for  advertising  and promotions,  reserves  and the interest thereon by type by game, and the source and use of unclaimed prize funds by type by game  on  an  accrual and  cash basis where both are available and on an accrual or cash basis where both are not available.   b. The director shall submit  to  the  director  of  the  budget,  the chairperson  of  the senate finance committee and the chairperson of the assembly  ways  and  means  committee,  an  annual  plan  detailing  the projected use of appropriations for advertising and promotions, reserves and  the  interest  thereon  by  type by game, and the source and use of unclaimed prize funds by type by game. Such plan shall be submitted  not later  than  submission  of the executive budget to the legislature each year and shall be updated quarterly on or before May  fifteenth,  August fifteenth  and  November fifteenth of any given calendar year. Such plan shall be considered the financial plan to be followed by the division in the  subsequent  fiscal  year   unless   modified   during   legislative deliberations  on  the  state  budget. Such plan or update thereto shall include any plans for the introduction  of  a  new  game  prior  to  its introduction  and  shall  be subject to subdivision a of section sixteen hundred fourteen of this article.   c. Such plan and any update thereto shall describe the specific amount of funds to be used to implement each element of the  plan  by  type  by game  on  an  accrual  and cash basis where both are available and on an accrual or cash basis where both are not available. They  shall  include the intended duration of such use, the revenues expected to be generated by  such  use,  the  actual  sales,  prize  awards,  appropriations  and expenditures for advertising and promotions, reserves and  the  interest thereon,  and  the  source  and  use of unclaimed prize funds by type by game, and such other information as the director deems appropriate. Such plan and any update thereto shall also describe  an  evaluation  of  the previous  quarterly  and  fiscal year-to-date losses or gains therefrom. Such updates shall report estimated year-end balances  pursuant  to  the plan  and  adjusted  estimated year-end balances based on updates to the plan by type by game.   d. Such plan and any update thereto shall include information  on  the implementation  and  ongoing  operation  of  a  lottery game established pursuant to paragraph one of subdivision a of  section  sixteen  hundred twelve  of  this  article.  Such  information  shall include, but not be limited to, a statewide and a county by  county  breakdown  of  premises with  television  equipment  that  automatically displays the results of such game including:  (1) the total number of such premises;  (2) the total sales of such premises;  (3) the average sales per hour of operation of such game;  (4) the average and median square footage of such premises as  defined by  item  (i)  of  subparagraph (A) of paragraph one of subdivision a of section sixteen hundred twelve of this article;  (5) the total number of such premises  and  total  sales  by  type  as defined  by  item  (i)  or  (ii) of subparagraph (A) of paragraph one of subdivision a of section sixteen hundred twelve of this article.   In addition, the  nineteen  hundred  ninety-eight--ninety-nine  annual plan   shall  include  an  evaluation,  done  in  conjunction  with  the commissioner of  mental  health,  of  the  impact  of  a  lottery  game,  established  pursuant  to  paragraph  one  of  subdivision  a of section sixteen hundred twelve of this article, on compulsive gambling.