NY Rac, Pari-Mut Wag & Breeding L § 505 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 5 - Regional Off-Track Betting Corporations 505 - Acquisition or Leasing of Property.

§  505.  Acquisition or leasing of property. 1. A participating county   may, in accordance with the provisions of law governing the  acquisition   or leasing of real property by such county, acquire real property in the   name  of  such  county  by  purchase  or  condemnation  for  use  by the   corporation, or lease real property from other owners for such  purpose,   and,  by  resolution  of  the governing body of such county, may through   lease or contract made upon such terms and conditions, with  or  without   consideration, and for such period of time as may be agreed upon by such   county  and the corporation, authorize the use or occupancy of such real   property by the corporation  for  the  carrying  out  of  its  corporate   purpose.2. Such county may, in accordance with the provisions of law governing   the  acquisition or leasing of personal property by such county, acquire   or lease personal property for use by the corporation and, acting by the   governing body of such county, may by lease or contract made  upon  such   terms and conditions, with or without consideration, and for such period   of  time  as  may  be  agreed  upon  by  such county and the corporation   authorize the use of such property by the corporation or transfer  title   to such property to it, for the carrying out of its corporate purpose.3.  Such  county  may,  by  resolution  of  the governing body of such   county, or by an instrument authorized by such a  resolution,  authorize   the  corporation  to  use  or  occupy for its corporate purpose any real   property then owned by or under lease to such county,  upon  such  terms   and  conditions,  with  or without consideration, and for such period of   time, as may be agreed upon by such county and the corporation; provided   that, in the case of any such property then under lease to such  county,   the  authorization  granted  by  such county to the corporation shall be   within and consistent with the rights of such county as lessee  of  such   property.4. Each corporation for the carrying out of its corporate purpose, may   itself  acquire  real property in the name of the participating counties   at the cost and expense of the corporation by purchase  or  condemnation   pursuant to the laws governing the condemnation of real property by each   county.  The  corporation  shall have the use and occupancy of such real   property so long as its corporate existence shall continue.5. a. Contracts may be entered into by a participating county and  the   corporation  containing  undertakings  by  a participating county (i) to   acquire or lease real or personal property  and  authorize  the  use  or   occupancy  of  same  by  the  corporation,  or  (ii)  to  authorize  the   corporation to use or occupy real or personal property then owned by  or   under  lease  to  a  participating county, or (iii) to perform any other   acts on the part of such county authorized by subdivisions one, two  and   three  of  this  section, provided the acts of such county called for by   such undertakings are in conformity with the provisions of,  and  within   the  powers  granted  to  the  county by, such subdivisions one, two and   three of this section.   The  making  of  any  such  contract  shall  be   authorized, on behalf of the county, by the governing body or the county   executive, or by both, as the case may be, in the same manner as the act   or  acts  of the county called for by the undertaking or undertakings in   such contract  are  required  to  be  authorized  under  the  applicable   provisions of such subdivisions one, two and three of this section.b.  Any  such  contract  between  a  county and the corporation may be   pledged by the corporation to secure its bonds or notes and may  not  be   modified thereafter except as provided by the terms of the pledge.6. In case the corporation shall have the use or occupancy of any real   property which it shall determine is no longer required for the carrying   out  of  its corporate purpose, then, if such real property was acquired   at the cost and expense of a county, the corporation shall have power to    surrender its use or occupancy thereof to the county, or, if  such  real   property  was  acquired  at the cost and expense of the corporation, the   corporation shall have the power to sell, lease or otherwise dispose  of   said  real property at public or private sale, and shall retain and have   the power to use the proceeds of sale, rentals or other  moneys  derived   from the disposition thereof for its corporate purpose.7. Notwithstanding the provisions of any general, special or local law   to  the  contrary,  each  corporation  may  make purchases of materials,   equipment or supplies, when available, through  a  participating  county   subject  to  any  procedures  or  rules which may be established by such   participating county prescribing the conditions  under  which,  and  the   manner  in  which purchases may be made.  All purchases shall be subject   to audit and inspection by the corporation  and  the  corporation  shall   accept  sole  responsibility  for  any  payment  due  the  vendor.   The   corporation shall make no purchase through the participating county when   bids have been received for such purchase  by  the  corporation,  unless   such   purchase  may  be  made  upon  the  same  terms,  conditions  and   specifications at a lower price through the participating county.