This a request pursuant to NY Pub Off Law sec 84 etc. Certification is requested pursuant to NY Pub Off Law Sec. 84 etc.
1. The name, title and salary of each and every "essential employee" of Nassau OTB on March 16, 2020 when all "nonessential employees" were sent called and notified to no longer report for work until further notice. Nassau OTB reopened the Carle Place, Franklin Square and Race Palace on June 15. Nassau OTB closed the Carle Place Branch of Nassau OTB at the close of business on July 4 and reopened the Levitown Branch of Nassau OTB on Monday August 10 after the busy weeked of the Travers Stakes.
2. Recipients of the PPP funds from the Dime Bank, dates paid, pupose of the payment eg salary, benefits,
https://nypost.com/2020/07/12/nys-off-track-betting-sites-secure-millions-in-ppp-loans/
LI OTBs awarded federal virus-related loans under PPP program& Newsday fails to provide a public accounting of how the money was used, who received how much, who the Nassau OTB "essential employees" were on March 16, 2020 or a list of all nassau otb employees
Nassau OTB on Glen Cove Road in Carle Place on July 21. Credit: Howard Schnapp
The U.S. government has awarded Nassau and Suffolk’s off-track betting agencies millions of dollars from the federal Paycheck Protection Program, according to a federal database that listed both OTBs as nonprofits and Nassau OTB as a “female-owned” enterprise.
The U.S. Small Business Administration approved loans of $2 million to $5 million each for the Nassau and Suffolk OTBs, according to an SBA database.
The PPP loan program was created in April with the aim of providing small businesses with cash to make payroll so they can avoid having to furlough or lay off employees because of the coronavirus pandemic. The SBA says it will forgive the loans after reviewing whether the companies have met criteria for retaining the employees.
The Nassau and Suffolk OTBs, which operate horse-racing betting parlors and together employ about 450 people, are public benefit corporations that are supposed to pass along their profits to the counties. Suffolk OTB also operates Jake's 58 Casino Hotel in Islandia, while Nassau OTB generates revenue from its complement of 1,000 video lottery terminals at Aqueduct Racetrack in Queens.
The Coronavirus Aid, Relief, and Economic Security Act, signed into law on March 27, makes eligible for PPP loans small businesses, nonprofit or veterans organizations, and tribal business concerns, as long as they employ up to 500 employees. There are exceptions to the size rule, depending on the industry. Sole proprietors, independent contractors and the self-employed can also qualify for the loans.
A federal Treasury Department guideline makes no mention of local governments, such as counties, cities, towns and villages. It also doesn't explicitly exclude the OTBs. The three other OTBs in the state also were approved for loans.
Matt Coleman, a spokesman for the U.S. Small Business Administration, said in an email that the agency "does not comment on individual borrowers."
cc: Nassau OTB employees
ppp-data@propublica.org
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NASSAU REGIONAL OFF-TRACK BETTING CORPORATION
Loan Amount
$2-5 million
Location
Mineola, NY
Industry
Business Type
Non-Profit Organization
Jobs Retained
143
Lender
Dime Community Bank
Date Approved
April 28, 2020
Companies and nonprofit organizations that receive PPP loans may have the loans forgiven if they meet certain criteria, including not laying off employees during an 8-week period covered by the loan. Applicants must attest in their application that the loans are necessary for their continuing operation. Note: This data includes loan applications approved by banks and submitted to the SBA. It may not reflect money distributed to, or credit used by, a given company.
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