N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 501: Definitions

§ 501. Definitions. As used in this article, in addition to the

definitions set forth in section one hundred one of this chapter, the

following terms shall mean and include:

1. "Board of directors." The board of directors of a corporation as

such board is constituted pursuant to section five hundred two of this

article.

2. "Corporation." Each regional off-track betting corporation, as

created by section five hundred two of this article.

3. "Participating county." Any of the counties in a region which have

elected to join a corporation in the manner provided for in section five

hundred two of this article.

4. "Bonds and notes." Bonds and notes, respectively, authorized and

issued by the corporation pursuant to this article.

5. "Cost of corporation's functions." All costs and expenses incurred

by the corporation in connection with carrying out the functions as

described by this article, including, but not limited to, operating

expenses of the corporation, the costs of acquisition, construction or

equipment of branch offices and other facilities of the corporation, and

interest and principal on bonds, notes or other obligations of the

corporation issued to finance the acquisition, construction or equipment

of such offices, facilities or premises.

6. "Region." The several regions defined by subdivision one of section

five hundred nineteen of this chapter.

7. "Track." The grounds or enclosure within which horse races are

conducted by any person, association or corporation lawfully authorized

to conduct such races.

8. "Governing body." The appropriate county legislative body.

9. "Branch office." An establishment maintained and operated by the

corporation, where off-track, pari-mutuel betting on horse races may be

placed in accordance with the terms and conditions of this article and

the rules and regulations issued pursuant thereto.

10. "Enabling legislation." A local law, ordinance or resolution

subject to a permissive referendum pursuant to the municipal home rule

law.