New York Transfer Of Functions

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    §  112. Transfer of functions. For purposes of concluding the business
  and satisfying  any  and  all  outstanding  obligations  of  the  former
  corporation  known  as the "state thoroughbred racing capital investment
  fund," including all assets, liabilities, duties, functions  and  powers
  possessed  by  such corporation are hereby transferred to the non-profit
  racing association oversight board established pursuant to  section  two
  hundred   eight-b   of   this  chapter  including,  without  limitation,
  authorization  to  receive  the  franchise  fee  as  provided  to   such
  corporation  under  section two hundred eight of this chapter and settle
  any and all debts owed  to  the  corporation  on  terms  deemed  by  the
  non-profit racing association oversight board to be reasonable and just.