Title PML, Racing, Pari-Mutuel Wagering and Breeding Law

§ 506. Loans and contributions by a participating county to a corporation. 1. A participating county shall have power to loan or contract to loan money to a corporation in such amounts, upon such terms and conditions and for such period or periods of time as in the judgment of t…

§ 507. Contracts of corporations. 1. Each corporation shall let contracts for construction or any other work, including the furnishing of materials or supplies incident thereto, and contracts for the purchase or procurement of equipment, materials or supplies: (i) in the manner …

§ 508. Issuance of bonds and notes by a corporation. 1. Each corporation shall have the power and is hereby authorized, from time to time, to issue negotiable bonds and notes in such aggregate principal amounts as shall, in the opinion of the corporation, be necessary together w…

§ 509. Reserve fund. 1. The corporation shall create and establish a special fund (herein referred to as the capital reserve fund), and shall pay into such capital reserve fund: a. Any moneys appropriated and made available by participating counties for the purpose of such capit…

§ 509-a. Capital acquisition fund. 1. The corporation may create and establish a capital acquisition fund for the purpose of financing the acquisition, construction or equipping of offices, facilities or premises of the corporation. Such capital acquisition fund shall consist of…

§ 510. State and participating counties not liable on bonds and notes. The bonds, notes or other obligations of a corporation shall not be a debt of either the state of New York or of any participating county and neither the state nor any county shall be liable thereon, nor shal…

§ 511. State's right to require redemption of bonds. Notwithstanding and in addition to any provisions for the redemption of bonds which may be contained in any contract with the holders of the bonds, the state may, upon furnishing sufficient funds therefor, require a corporatio…

§ 512. Remedies of holders of bonds and notes. 1. In the event that a corporation defaults in the payment of the principal of or interest on any issue of bonds or notes after the same becomes due, whether at maturity or upon call for redemption, and such default continues for a …

§ 513. Exemption from taxation. 1. The moneys and property of each corporation and any property under its jurisdiction, control or supervision, and all of its activities and operations shall be exempt from taxation. Provided, however, no exemption is granted from the taxes impos…

§ 514. Notice of claim; action against corporation. 1. In every action against a corporation for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries, the complaint shall contain an allegation that at least thirty days have…

§ 515. Bonds and notes as legal investments. The bonds and notes of a corporation are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carry…

§ 516. Moneys of corporations; disposition of net revenues. 1. The monetary transactions of the corporation and the keeping of its books and accounts shall be under the supervision of the board of directors who shall be subject to the general and specific jurisdiction of the sta…

§ 517. Annual reports. In addition to the reports required by article five-a of this chapter, within one hundred twenty days after the end of the fiscal year of the corporation, the directors thereof shall submit to the participating counties, the commission, and the state compt…

§ 518. Off-track pari-mutuel betting; objectives. In the exercise of the power vested in it by subdivision one of section nine of article one of the state constitution, the legislature hereby prescribes that off-track pari-mutuel betting on horse races, conducted under the admin…

§ 519. Definitions. The following terms shall mean and include: 1. "Region." One or more of the following named regions comprised of the counties indicated: a. Suffolk: Suffolk county; b. Nassau: Nassau county; c. New York city: the five counties comprising the city of New York;…

§ 520. General jurisdiction. 1. The commission shall have general jurisdiction over the operation of all off-track betting facilities within the state. The commission shall issue rules and regulations in accordance with the provisions of this article in order to ensure the accom…

§ 521. Approval of plans of operation; amendments. In order to accomplish the objectives of this article, the commission shall have the power, subject to the provisions of this article but without limiting the generality of any provision of this chapter, to approve a plan of ope…

§ 522. Suspension of approval. 1. The commission may suspend its approval of any plan of operation if the regional corporation whose plan of operation has been approved or its officers or directors fails to conduct off-track pari-mutuel betting on horse races in accordance with …

§ 523. General limitations on off-track betting. The commission shall require that any regional corporation conduct off-track pari-mutuel betting in accordance with this section. 1. The system of off-track betting operated by such corporation, except as otherwise provided in thi…

§ 524. Reports, accounts, investigations. 1. The commission shall, consistent with the powers of the department of taxation and finance, prescribe uniform methods of keeping accounts, records and books to be observed by regional corporations. The commission shall, consistent wit…

§ 525. Statewide transmission. Subject to the general limitations of this article, the provisions of its plan of operation and the rules and regulations of the commission, each regional corporation may provide for direct transmission of off-track wagering information to a track …

§ 526. Use of track facilities; combined pools. In order to effectuate the general policy of this article that off-track and on-track wagers be combined into single pools to provide uniform odds and payouts, track operators shall be subject to the requirements of this section. 1…

§ 527. Disposition of off-track pools; state tax. Each regional corporation conducting off-track betting shall distribute all sums deposited in any pari-mutuel pool through such corporation to the holders of winning tickets therein, providing such tickets be presented for paymen…

§ 528. Agreements involving other states. 1. The commission shall be empowered to conclude agreements with another state or a racing corporation or association in another state, as the case may be, on behalf of any or all regional corporations for the purpose of conducting off-t…

§ 529. Unclaimed winnings and refunds. The commission shall require each regional corporation to establish a non-escrowed account for payment of outstanding winning tickets and for payment of refunds to ticket holders entitled thereto under the rules of the commission. 1. All ti…

§ 530. Job security for track employees. Plans of operation of regional off-track betting corporations shall include provision for job security for employees of racetracks within each region compatible with and in furtherance of the objectives of this article and subject to the …

§ 531. Reduction of local admissions taxes as a pre-condition of off-track betting. 1. Notwithstanding article eight of this chapter and subdivision twenty-four of section sixty-four of the town law, no locally imposed taxes on admissions to harness or running races shall be in …

§ 532. Surcharge on off-track winnings; disposition of revenues. 1. Notwithstanding any other provision of law, each regional off-track betting corporation, or off-track betting operator, including the New York city off-track betting corporation, conducting off-track betting sha…

§ 601. Declaration of policy and statement of purposes. It is hereby found, determined and declared: 1. That the New York state off-track pari-mutuel betting law was created by a chapter of the laws of nineteen hundred seventy; 2. That the New York state off-track pari-mutuel be…

§ 602. Definitions. As used in this article, the following terms shall mean and include: 1. "Administrative code." The administrative code of the city. 2. "Board." The board of directors of the corporation as such board is constituted pursuant to section six hundred three of thi…

§ 603. New York city off-track betting corporation. 1. A corporation to be known as the "New York city off-track betting corporation" is hereby created. Such corporation shall be a body corporate and politic constituting a public benefit corporation. It shall be administered by …

§ 604. Powers of the corporation. The corporation shall have power: 1. To sue and be sued; 2. To have a seal and to alter the same at its pleasure; 3. To acquire, hold, lease, rent and dispose of personal property for its corporate purpose; 4. To acquire, in the name of the stat…

§ 605. Policing of off-track betting. 1. The corporation shall, at its own expense, provide such policing as may be necessary to preserve order in branch offices and other facilities and premises of the corporation and enforce the provisions of this article and the rules and reg…

§ 606. Personnel administration; pension, retirement and other benefits. 1. For the purposes of this section, all employees of the New York city off-track betting corporation on or after the effective date of the chapter of the laws of two thousand eight which amended this secti…

§ 607. Acquisition or leasing of property by the state or corporation; agreements between the state and corporation as to use or occupancy of property. 1. The state may, in accordance with the provisions of law governing the acquisition or leasing of real property by the state, …

§ 609. Contracts of corporation. 1. The corporation shall let contracts for construction or any other work, including the furnishing of materials or supplies incident thereto, and contracts for the purchase or procurement of equipment, materials or supplies: (i) in the manner pr…

§ 609-a. Capital acquisition fund. The corporation may create and establish a capital acquisition fund for the purpose of financing the acquisition, construction or equipping of offices, facilities or premises of the corporation. Such capital acquisition fund shall consist of (i…

§ 610. Moneys of corporation. 1. The monetary transactions of the corporation and the keeping of its books and accounts shall be under the supervision of the director of the division of the budget. The chair of the commission may at any time request and shall be provided for rev…

§ 611. Issuance of bonds and notes by corporation. 1. The corporation shall have the power and is hereby authorized, from time to time, to issue negotiable bonds and notes in such aggregate principal amounts as shall, in the opinion of the corporation, be necessary together with…

§ 612. Reserve fund. 1. The corporation shall create and establish a special fund herein referred to as the capital reserve fund, and shall pay into such capital reserve fund: a. any moneys appropriated and made available by the state for the purpose of such capital reserve fund…

§ 613. Agreement of the state. The state does pledge to and agree with the holders of any and all bonds and notes of the corporation that the state will not authorize any officer or agency of government, other than the corporation, or any private person, to conduct off-track bet…

§ 614. State and city not liable on bonds and notes. The bonds, notes or other obligations of the corporation shall not be a debt of either the state or the city, and neither the state nor the city shall be liable thereon, nor shall they be payable out of any funds other than th…

§ 616. Remedies of holders of bonds and notes. 1. In the event that the corporation shall default in the payment of the principal of or interest on any issue of bonds or notes after the same shall become due, whether at maturity or upon call for redemption, and such default shal…

§ 617. Exemption from taxation. 1. The moneys and property of the corporation and any property under its jurisdiction, control or supervision, and all of its activities and operations shall be exempt from taxation. 2. The state covenants with the purchasers of and with all subse…

§ 618. Notice of claim; action against corporation. 1. In every action against the corporation for damages, for injuries to real or personal property, or for the destruction thereof, or for personal injuries, the complaint shall contain an allegation that at least thirty days ha…

§ 619. Civil actions against employees of the corporation. 1. As used in this section the following terms shall mean and include: a. "Corporation counsel." The corporation counsel of the city. b. "Employee." Any officer, director or employee of the corporation, a former officer,…

§ 620. Bonds and notes as legal investments. The bonds and notes of the corporation are hereby made securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons car…

§ 621. Annual and special reports. Within one hundred twenty days after the end of the fiscal year of the corporation, the directors thereof shall submit to the governor, the legislature, the commission and the state comptroller a complete and detailed report setting forth: 1. I…

§ 622. Separability. If any section, provision or part of this article, or the application thereof to any person or circumstances shall be held invalid by any court of competent jurisdiction, the remainder thereof or the application of such section, provision or part to any othe…

§ 623. Inconsistent provisions of other laws superseded. Insofar as the provisions of this article are inconsistent with the provisions of any other law, general, special or local, the provisions of this article shall be controlling.