US Laws, Codes, Statutes & Cases

 
    § 501. Definitions. As used in this article, the following terms shall
  mean and include:
    1. "State board." The state racing and wagering board.
    2.  "Board  of  directors." The board of directors of a corporation as
  such board is constituted pursuant to section five hundred two  of  this
  article.
    3.  "Corporation."  Each  regional  off-track  betting corporation, as
  created by section five hundred two of this article.
    4. "Participating county." Any of the counties in a region which  have
  elected to join a corporation in the manner provided for in section five
  hundred two of this article.
    5.  "Bonds  and  notes." Bonds and notes, respectively, authorized and
  issued by the corporation pursuant to this article.
    6. "Cost of corporation's functions." All costs and expenses  incurred
  by  the  corporation  in  connection  with carrying out the functions as
  described by this article, including,  but  not  limited  to,  operating
  expenses  of  the corporation, the costs of acquisition, construction or
  equipment of branch offices and other facilities of the corporation, and
  interest and principal on bonds,  notes  or  other  obligations  of  the
  corporation issued to finance the acquisition, construction or equipment
  of such offices, facilities or premises.
    7. "Region." The several regions defined by subdivision one of section
  five hundred nineteen of this chapter.
    8.  "Track."  The  grounds  or  enclosure within which horse races are
  conducted by any person, association or corporation lawfully  authorized
  to conduct such races.
    9. "Governing body." The appropriate county legislative body.
    10.  "Branch  office." An establishment maintained and operated by the
  corporation, where off-track, pari-mutuel betting on horse races may  be
  placed  in  accordance with the terms and conditions of this article and
  the rules and regulations issued pursuant thereto.
    11. "Enabling legislation."  A  local  law,  ordinance  or  resolution
  subject  to  a permissive referendum pursuant to the municipal home rule
  law.