US Laws, Codes, Statutes & Cases

 
    §  261.  Annual  report. On or before December first of each year, the
  fund shall submit to the governor, the legislature and the comptroller a
  complete and detailed  report  setting  forth  (a)  its  operations  and
  accomplishments;  (b)  its  receipts  and  expenditures  during its last
  fiscal  year  in  accordance  with  the  categories  or  classifications
  established  by  the fund for its operating and capital outlay purposes,
  including a listing of all private consultants  engaged  on  a  contract
  basis  by  the  fund  or the non-profit racing association pursuant to a
  financing agreement with the fund, and a statement of the  total  amount
  paid  to each such private consultant; (c) its assets and liabilities at
  the end of its fiscal year, including a schedule of  its  mortgages  and
  the  status  of  reserve, special or other funds; (d) a statement by the
  board as to the cost of the capital improvement program  authorized  for
  the  next calendar year and the funding, which in the board's estimation
  should be provided by the state from its share  of  the  daily  on-track
  pari-mutuel pools on all bets at races held by such association provided
  that  such share shall in no event exceed seven-tenths of one per centum
  of such pools;  and  (e)  a  statement  indicating  the  amount  of  any
  deferrals  of  the  payments  due  to  the fund pursuant to sections two
  hundred twenty-nine and two hundred fifty-eight of this  chapter  during
  the  ensuing fiscal year that it has approved pursuant to the provisions
  of subdivision four of section two hundred fifty-seven of this chapter.