This text of New York § 1615 (Fiscal year of lottery, reporting requirements and fiscal planning) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§ 1615. Fiscal year of lottery, reporting requirements and fiscal\nplanning.
a.All books, accounts and records of the division, relating\nto the state lottery, shall be kept by fiscal years beginning on the\nfirst day of April and ending on the thirty-first day of March next\nfollowing. The division shall separately identify the actual sales\nreceipts, prizes, appropriations and expenditures for advertising and\npromotions, reserves and the interest thereon by type by game, and the\nsource and use of unclaimed prize funds by type by game on an accrual\nand cash basis where both are available and on an accrual or cash basis\nwhere both are not available.\n b. The director shall submit to the director of the budget, the\nchairperson of the senate finance committee and the chairperson of
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§ 1615. Fiscal year of lottery, reporting requirements and fiscal\nplanning. a. All books, accounts and records of the division, relating\nto the state lottery, shall be kept by fiscal years beginning on the\nfirst day of April and ending on the thirty-first day of March next\nfollowing. The division shall separately identify the actual sales\nreceipts, prizes, appropriations and expenditures for advertising and\npromotions, reserves and the interest thereon by type by game, and the\nsource and use of unclaimed prize funds by type by game on an accrual\nand cash basis where both are available and on an accrual or cash basis\nwhere both are not available.\n b. The director shall submit to the director of the budget, the\nchairperson of the senate finance committee and the chairperson of the\nassembly ways and means committee, an annual plan detailing the\nprojected use of appropriations for advertising and promotions, reserves\nand the interest thereon by type by game, and the source and use of\nunclaimed prize funds by type by game. Such plan shall be submitted not\nlater than submission of the executive budget to the legislature each\nyear and shall be updated quarterly on or before May fifteenth, August\nfifteenth and November fifteenth of any given calendar year. Such plan\nshall be considered the financial plan to be followed by the division in\nthe subsequent fiscal year unless modified during legislative\ndeliberations on the state budget. Such plan or update thereto shall\ninclude any plans for the introduction of a new game prior to its\nintroduction and shall be subject to subdivision a of section sixteen\nhundred fourteen of this article.\n c. Such plan and any update thereto shall describe the specific amount\nof funds to be used to implement each element of the plan by type by\ngame on an accrual and cash basis where both are available and on an\naccrual or cash basis where both are not available. They shall include\nthe intended duration of such use, the revenues expected to be generated\nby such use, the actual sales, prize awards, appropriations and\nexpenditures for advertising and promotions, reserves and the interest\nthereon, and the source and use of unclaimed prize funds by type by\ngame, and such other information as the director deems appropriate. Such\nplan and any update thereto shall also describe an evaluation of the\nprevious quarterly and fiscal year-to-date losses or gains therefrom.\nSuch updates shall report estimated year-end balances pursuant to the\nplan and adjusted estimated year-end balances based on updates to the\nplan by type by game.\n d. Such plan and any update thereto shall include information on the\nimplementation and ongoing operation of a lottery game established\npursuant to paragraph one of subdivision a of section sixteen hundred\ntwelve of this article. Such information shall include, but not be\nlimited to, a statewide and a county by county breakdown of premises\nwith television equipment that automatically displays the results of\nsuch game including:\n (1) the total number of such premises;\n (2) the total sales of such premises;\n (3) the average sales per hour of operation of such game;\n (4) the average and median square footage of such premises as defined\nby item (i) of subparagraph (A) of paragraph one of subdivision a of\nsection sixteen hundred twelve of this article;\n (5) the total number of such premises and total sales by type as\ndefined by item (i) or (ii) of subparagraph (A) of paragraph one of\nsubdivision a of section sixteen hundred twelve of this article.\n In addition, the nineteen hundred ninety-eight--ninety-nine annual\nplan shall include an evaluation, done in conjunction with the\ncommissioner of mental health, of the impact of a lottery game,\nestablished pursuant to paragraph one of subdivision a of section\nsixteen hundred twelve of this article, on compulsive gambling.\n