Relates to the issuance of bonds and the disposition of certain revenue with respect to debt incurred in the redevelopment project at Belmont Park racetrack

Relates to the disposition of certain revenue with respect to debt incurred in the redevelopment project at Belmont Park racetrack; authorizes the New York Racing Association, Inc. to enter into a repayment agreement with the state of New York for payment of bonds issued by the state for the renovation of Belmont Park.