Laws of New York (Last Updated: November 21, 2014) |
TAX Tax |
Article 34. NEW YORK STATE LOTTERY FOR EDUCATION |
Section 1615. Fiscal year of lottery, reporting requirements and fiscal planning
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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 (ii) of subparagraph (B) 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), (ii) or (iii) of subparagraph (B) 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. * NB Repealed May 31, 2010