NY Rac, Pari-Mut Wag & Breeding L § 252 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 2 - Thoroughbred Racing and Breeding 252 - New York State Thoroughbred Breeding and Development Fund.

§ 252. New York state thoroughbred breeding and development fund. 1. A   corporation  to be known as the New York state thoroughbred breeding and   development fund corporation is hereby created. Such  corporation  shall   be   a   body  corporate  and  politic  constituting  a  public  benefit   corporation. It shall be administered by a board of directors consisting   of the chair of the state gaming commission or his or her designee,  the   commissioner  of  agriculture  and  markets,  three members of the state   gaming commission or their designees, all of whom are experienced,  have   knowledge,  or  have  been  actively  engaged  in the thoroughbred horse   industry in the state as designated by  the  governor  and  six  members   appointed  by  the  governor,  all  of whom are experienced or have been   actively engaged in the breeding of  thoroughbred  horses  in  New  York   state,  one,  the  president  or the executive director of the statewide   thoroughbred breeders association representing the majority of  breeders   of   registered   thoroughbreds   in   New  York  state,  one  upon  the   recommendation of the majority  leader  of  the  senate,  one  upon  the   recommendation   of   the   speaker   of  the  assembly,  one  upon  the   recommendation of the minority leader of the senate, and  one  upon  the   recommendation  of  the  minority  leader  of  the  assembly. Two of the   appointed members shall initially serve for a two year term, two of  the   appointed members shall initially serve for a three year term and two of   the  appointed  members  shall initially serve for a four year term. All   successors appointed members shall serve  for  a  four  year  term.  All   members  shall  continue  in  office  until  their  successors have been   appointed and qualified. The governor shall  designate  the  chair  from   among the sitting members who shall serve as such at the pleasure of the   governor.2.  The  powers  of  the  fund shall be vested in and exercised by the   board at a meeting duly held at a time fixed by any  by-law  adopted  by   the  board  or  at  any duly adjourned meeting of such meeting or at any   meeting held upon reasonable notice to  all  of  the  directors,  and  a   majority  of  the  whole  number of directors shall constitute a quorum;   provided that neither the business nor the powers of the fund  shall  be   transacted  or exercised except pursuant to a favorable vote of at least   a majority of the directors present at a meeting at which a quorum is in   attendance.3. The board may delegate to one or more of the directors or  officers   of  the  fund  such  powers  and  duties as it may deem proper and shall   utilize, pursuant to a contract approved by the director of the  budget,   the  service  employees  of  the  state  gaming commission and the state   office of racing promotion and development.4. The directors shall not be entitled to any compensation  for  their   services  but  shall  be  entitled to reimbursement for their actual and   necessary expenses incurred in the performance of their official duties.5. Such members, except as otherwise provided by law,  may  engage  in   private  employment,  or  in  a  profession  or  business  including the   breeding and racing of  thoroughbred  horses.  The  fund,  its  members,   officers  and  employees  shall be subject to the provisions of sections   seventy-three and seventy-four of the public officers law.