NY Rac, Pari-Mut Wag & Breeding L § 503 (2021)
2021 New York Laws PML - Racing, Pari-Mutuel Wagering and Breeding Law Article 5 - Regional Off-Track Betting Corporations 503 - Powers of Regional Corporations.

§  503.  Powers  of regional corporations.  Subject to the general and   specific limitations of sections two hundred  twenty-two  through  seven   hundred  five  of  this  chapter  and  the  authority  of the commission   pursuant to articles one and five-a of this  chapter,  each  corporation   shall have power:1. To sue and be sued;2. To have a seal and alter the same at pleasure;3.  To acquire, hold, lease, rent and dispose of personal property for   its corporate purposes;4.  To  acquire,  in  the  name  of  the  corporation,  by   purchase,   condemnation,  gift,  grant  or  devise  or  otherwise, and to use, real   property that is necessary or convenient for carrying out its  corporate   purposes;  provided  that  the  corporation  shall  not condemn any real   property without first having obtained the consent of the chief  elected   official in the jurisdiction in which such real property is located. All   real  property  acquired  by  the  corporation  by condemnation shall be   acquired in the manner provided by law  for  the  condemnation  of  real   property in the jurisdiction in which the real property is located;5. To make by-laws for the management and regulation of its affairs;6.  To  appoint  officers,  agents,  and employees, to prescribe their   qualifications, and to fix their compensation;7. To make contracts  and  leases,  and  to  execute  all  instruments   necessary or convenient to accomplish its corporate purposes;8.  To  construct  such buildings, structures and facilities as may be   necessary;9. To accept grants, loans and contributions from the  United  States,   and the state or any agency or instrumentality of either of them, or any   participating  county,  or  a  city,  or  any person, including gifts or   transfers by bequest or otherwise, and to use the  same  or  expend  the   proceeds thereof for its corporate purposes;10.  In  the  manner  and  subject  to  the provisions of sections two   hundred twenty-two through seven  hundred  five  of  this  chapter,  and   subject to the rules and regulations of the commission, to establish and   conduct  within  the region a system of off-track pari-mutuel betting on   horse races, and, if licensed to do  so  under  article  three  of  this   chapter, conduct harness race meetings;11.  a.  To  promulgate,  amend  and repeal such rules and regulations   consistent with  the  provisions  of  sections  two  hundred  twenty-two   through  seven  hundred five of this chapter as it may deem necessary or   desirable to carry out the purposes of  this  article.  Such  rules  and   regulations shall have the force and effect of law;b.  No rule or regulation promulgated by a corporation pursuant to the   provisions of this subdivision shall be effective until a  copy  thereof   is filed with the clerk of each participating county;c.  Any  violation  of  any  rule or regulation, filed with the county   clerk of each county in which such corporation operates  and  designated   by  the  letter  "R"  by  resolution  of  the  board of directors of the   corporation,  shall  be  a  violation  and  shall   be   punishable   by   imprisonment  for  not  more than three months, or by a fine of not more   than one thousand dollars, or by both such imprisonment  and  fine.  All   such  fines  collected shall be payable to the county comptroller in the   county in which the violation occurred and shall be paid by such  county   comptroller into the general fund of such county. Any such rule shall be   effective,  notwithstanding  that any act or omission made an offense or   punishable thereby may be a crime or violation or punishable  under  any   other provision of law;12. When licensed to conduct harness race meetings pursuant to article   three  of  this  chapter, western regional off-track betting corporation    shall be authorized to enter into an agreement to make payments in  lieu   of  taxes to the Batavia city school district in an amount that is based   upon the assessed value of Batavia Downs race track as of the first  day   of January, nineteen hundred ninety-eight and to enter into an agreement   with  the  county  of  Genesee  to pay five-tenths of one percent of the   total deposits in pools  resulting  from  the  acceptance  of  simulcast   wagering  at Batavia Downs race track in order to compensate such county   for losses that may occur as the result of the closure of branch offices   in said county.12-a. To enter into, amend, cancel and terminate  agreements  for  the   performance   among   themselves,   licensed   racing  associations  and   corporations, and multi-jurisdictional account  wagering  providers,  as   defined in section one thousand one of this chapter, of their respective   functions, powers and duties on a cooperative or contract basis.13.  To perform such other acts and engage in such other activities as   may be necessary and proper for exercising its powers and performing its   duties under this article.14. Nassau regional off-track betting is authorized to enter into  and   perform  an  agreement  pursuant  to  paragraph four of subdivision a of   section sixteen hundred seventeen-a of the tax law to have video lottery   terminals authorized pursuant to paragraph three  of  subdivision  a  of   section  sixteen  hundred  seventeen-a  of the tax law hosted within the   Aqueduct video lottery terminal facility.