248 – Racing Season; Allotment of Dates for Racing.
§ 248. Racing season; allotment of dates for racing. In the assignment of dates by the commission to corporations for conducting running races or steeplechases no conflict shall be deemed to exist by reason of duplication of dates as between race meetings in the first zone and race meetings in the second zone, nor as […]
249 – Pari-Mutuel Employees to Be Citizens and Residents.
§ 249. Pari-mutuel employees to be citizens and residents. At least eighty-five per centum of the persons employed each day by a racing corporation conducting a race meeting, to operate or assist in the operation of its pari-mutuel system of betting shall be citizens of the United States and residents of the state of New […]
250 – Power of Commission to Impose Penalties.
§ 250. Power of commission to impose penalties. The commission, in addition to its power to suspend or revoke occupational licenses, licenses to conduct running races and race meetings or steeplechases and steeplechase meetings and licenses to conduct pari-mutuel betting at a race course or race meeting for running races or steeplechases issued by the […]
235 – Rules for the Conduct of Pari-Mutuel Betting.
§ 235. Rules for the conduct of pari-mutuel betting. 1. The commission shall make rules regulating the conduct of pari-mutuel betting, as authorized pursuant to this chapter. 2. The rules shall provide that all winning pari-mutuel tickets must be presented for payment before April first of the year following the year of their purchase and […]
236 – Disposition of Pari-Mutuel Pools; Percentage Payable to State as a Tax; Authority of Counties of Certain Cities to Impose a Tax.
§ 236. Disposition of pari-mutuel pools; percentage payable to state as a tax; authority of counties or certain cities to impose a tax. 1. Every corporation authorized under this chapter to conduct pari-mutuel betting at a race meeting on races run thereat, except as provided in section two hundred thirty-eight of this article with respect […]
237 – Capital Improvements.
§ 237. Capital improvements. 1. For the purposes of this section, “capital improvement” shall mean any addition to, replacement of or remodeling of the physical plant, structures and equipment now or hereafter owned or leased by a racing corporation that is used or is to be used by such corporation in connection with the conduct […]
238 – Disposition of Pari-Mutuel Pools of the Franchised Corporation; Percentage Payable to State as a Tax; Authority of Counties or Certain Cities to Impos
§ 238. Disposition of pari-mutuel pools of the franchised corporation; percentage payable to state as a tax; authority of counties or certain cities to impose a tax. 1. (a) The franchised corporation authorized under this chapter to conduct pari-mutuel betting at a race meeting or races run thereat shall distribute all sums deposited in any […]
239 – Books and Records of Pari-Mutuel Betting.
§ 239. Books and records of pari-mutuel betting. Every corporation or association conducting a horse race meeting at which pari-mutuel betting on the races run at such meeting is authorized shall keep its books and records so as to clearly show by a separate record the total amount of money contributed to every pari-mutuel pool, […]
240 – Yearly Audit.
§ 240. Yearly audit. 1. The franchised corporation shall, at its own expense, cause its annual financial statements to be audited in accordance with generally accepted auditing standards by a qualified independent certified public accountant approved by the franchise oversight board. The annual financial statements shall be prepared on a comparative basis for the current […]
241 – Disposition of Unpaid Money Due on Account of Pari-Mutuel Tickets Not Presented.
§ 241. Disposition of unpaid money due on account of pari-mutuel tickets not presented. The sum held by any corporation authorized to conduct pari-mutuel betting for payment of outstanding winning pari-mutuel tickets and for refunding the price of pari-mutuel tickets shall be retained by such corporation for such purposes until April first of the succeeding […]