2023 New York Laws › PML - Racing, Pari-Mutuel Wagering and Breeding Law › Article 3 - Harness Racing and Breeding › 330 - Agriculture and New York State Horse Breeding Development Fund.

§ 330. Agriculture and New York state horse breeding development fund.
  1.  There  is  hereby  created  within  the  state gaming commission the
  "agriculture and New York state horse breeding development  fund".  Such
  fund 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 commission or his or her designee, the commissioner
  of agriculture and markets, and three members appointed by the governor,
  all of whom are  experienced  or  have  been  actively  engaged  in  the
  breeding  of  standardbred  horses  in  New  York  state,  one  upon the
  recommendation of the temporary president of the senate and one upon the
  recommendation of the  speaker  of  the  assembly.  The  governor  shall
  designate  the  chair  from  among  the sitting members of such board of
  directors, who shall serve as such at  the  pleasure  of  the  governor.
  Appointed  members  shall  serve  for  a  term  of  four years and shall
  continue to  hold  office  until  their  successors  are  appointed  and
  qualified.  The  members  of  the  board  of directors of the fund shall
  receive no compensation from the fund for their services as such members
  but shall be reimbursed by  the  fund  for  the  expenses  actually  and
  necessarily they incur in the performance of their duties under sections
  two  hundred twenty-two through seven hundred five of this chapter. Such
  fund shall have  perpetual  existence  and  shall  exercise  all  powers
  authorized  by  this  chapter and reasonably necessary for accomplishing
  its purposes. Such powers shall be exercised in the name of the fund.
2. The board of directors of the fund may delegate to one or  more  of
  the  members  or  officers  of the fund such powers and duties as it may
  deem proper and shall use, pursuant  to  a  contract  or  memorandum  of
  understanding  approved  by  the  director  of  the  budget, the service
  employees of the commission and the state office of racing promotion and
  development.
3. The fund is created in order that it may promote  the  breeding  of
  horses  and  the  conduct  of  equine  research in this state on its own
  responsibility and under its own business management. The  policy,  good
  faith  and  interest  of the state are concerned with the management and
  development of the fund and are committed to promotion of horse breeding
  and equine research in this state in active cooperation with  the  fund.
  The  promotion  and  encouragement of equine research shall be through a
  fund of a land  grant  university  within  this  state  with  a  regents
  approved  veterinary college facility. Nothing herein, however, shall be
  deemed in any way to obligate the  state  to  any  bondholder  or  other
  creditor of the fund.
4.  The  fund  is  directed  to  report annually, on or before January
  thirty-first, to the governor and the legislature, on the state  of  the
  standardbred  breeding  industry  in  this  state.  Such  reports  shall
  include, but not be limited to, the impact of the fund's programs on the
  breeding and racing aspects of the industry; economic factors  affecting
  the  industry  such as employment and employment growth, state and local
  benefits of breeding farms, income and the production of  income  within
  this state, economic comparisons with other states; and data relative to
  mares  and  stallions standing in this state to include such information
  as the number in this state, racing quality  as  measured  by  wins  and
  stakes won and placed and money won, the number of foals and foal racing
  quality as measured by sales value and number of starts, races and money
  won,  the  progeny  quality,  including earnings, and the success of New
  York-breds nationally.
5. The fund is  further  directed  to  incorporate  into  its  reports
  comments  from  spokesmen  representing  all segments of the industry as
  well as recommendations on preserving  and  enhancing  the  standardbred
  breeding industry in this state.