2023 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.