US Laws, Codes, Statutes & Cases

 
    § 330. Agriculture and New York state horse breeding development fund.
  There  is  hereby created within the state racing and wagering board 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 the commissioner of agriculture
  and  markets,  the  chairman  of  the New York state racing and wagering
  board  and  the  chairman  and  members  of  the  state  harness  racing
  commission  as  reconstituted  pursuant  to article one of this chapter.
  Members shall  continue  to  hold  office  until  their  successors  are
  appointed and qualified. The chairman shall be designated by the members
  of  the fund. The members 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 incurred by them 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.
    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.
    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.
    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.