N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 609: Contracts of corporation

§ 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 provided by law with respect to the letting of such contracts by

the state, except that where the estimated expense of a contract does

not exceed ten thousand dollars, such contract may be entered into

without public letting, provided however, that where the corporation

determines with respect to any contract that it would not be in the

public interest to comply with this section and the office of general

services, concurs in such determination, then it may enter into such

contract without public letting as authorized; or (ii) in the manner

provided in section five hundred seven of this chapter, if in

conjunction with one or more regional off-track betting corporations.

2. The corporation may make rules and regulations governing the

qualifications of bidders entering into such a contract where the cost

of such a contract exceeds ten thousand dollars. The bidding may be

restricted to those who shall have qualified prior to the receipt of

bids according to standards fixed by the corporation; provided, however,

that notice or notices for the submission of qualifications shall be

published in the state register and in an appropriate trade journal

published in the state, at least once, not less than ten days prior to

the date fixed for the filing of qualifications.

3. It shall be a misdemeanor for a director of the corporation or an

officer, agent, executive or other employee retained, employed or

appointed by the corporation to be in any manner or way interested,

directly or indirectly, as principal, surety or otherwise in a contract,

the expense or consideration whereof is payable out of funds of the

corporation. The corporation shall be subject to procurement lobbying as

provided in sections one hundred thirty-nine-j and one hundred

thirty-nine-k of the state finance law.