Allows off-track betting corporations to set up special reserve funds

This bill allows off-track betting corporations in New York to create special reserve funds to make required payments to state entities (like racetracks), instead of using existing capital acquisition funds. It sets three key limits: contributions can't exceed 1% of quarterly betting revenue, must leave at least 50% of quarterly net revenue intact, and the fund balance can't exceed 1% of annual betting revenue or the value of the corporation's property. The bill directly affects off-track betting corporations and state tracks receiving payments, changing how they handle statutory financial obligations. It becomes effective immediately upon enactment.