One percent increase in surcharge for capital acquisition fund
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
(a)The surcharge of five percent provided for in section 532 of the Racing, Pari-Mutuel Wagering and Breeding Law has be increased by a supplemental one percent surcharge on the portion of pari-mutuel wagering pools of multiple, exotic and super exotic bets distributable to persons having placed bets at off-track betting facilities.
(b)Such supplemental surcharge shall be imposed prior to any calculation of breakage.
(c)If the applicable corporation has created a capital acquisition fund, pursuant to section 509-a or 609-a of the Racing, Pari-Mutuel Wagering and Breeding Law and has designated such fund to receive such supplemental surcharge, such supplemental surcharge shall be distributed to such fund when it accrues.
(d)If the applicable corporation has not created such fund, or has not designated such fund to receive such supplemental surcharge, such supplemental surcharge shall be distributed monthly with the surcharge and breakage that such supplemental surcharge supplements.