2006 New York Code - Simulcasting Rights; Breeders\' Cup Ltd.

 
    §  904.  Simulcasting  rights;  Breeders' Cup Ltd. Notwithstanding any
  inconsistent provision of this chapter and  upon  the  approval  of  the
  board, a nonprofit racing association, organized pursuant to section two
  hundred  two  of  this chapter, is authorized to enter into an agreement
  with the Breeders' Cup Ltd. for the disposition of all revenues  derived
  by  such  association  from  and limited to the live transmission of the
  audio/visual signals of and from pari-mutuel wagering on  races  run  by
  such  association or corporation to be known as the "Breeders' Cup Event
  Day", in such manner as such association or corporation shall determine.
  All expenses incurred by a nonprofit racing association pursuant to  the
  provisions  of  this  section,  shall  be  deemed  to  be  extraordinary
  nonrecurring charges for the purposes of paragraph b of subdivision  one
  of section two hundred eight of this chapter.