New York Regional Off-track Betting Corporations
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ARTICLE V
REGIONAL OFF-TRACK BETTING CORPORATIONS
Section 501. Definitions.
502. Establishment of regional off-track betting corporations.
503. Powers of regional corporations.
504. Policing off-track betting.
505. Acquisition or leasing of property.
506. Loans and contributions by a participating county to a
corporation.
507. Contracts of corporations.
508. Issuance of bonds and notes by a corporation.
509. Reserve fund.
509-a. Capital acquisition fund.
510. State and participating counties not liable on bonds and
notes.
511. State's right to require redemption of bonds.
512. Remedies of holders of bonds and notes.
513. Exemption from taxation.
514. Notice of claim; action against corporation.
515. Bonds and notes as legal investments.
516. Moneys of corporations; disposition of net revenues.
517. Annual reports.