2006 New York Code - Bond Required Of Corporation Or Association Conducting Pari-mutuel Betting.

 
    §   315.  Bond  required  of  corporation  or  association  conducting
  pari-mutuel betting.  Every corporation or association licensed  by  the
  state  racing  and wagering board to conduct harness horse race meetings
  at which pari-mutuel betting shall be permitted, annually and before the
  opening of any race meeting  shall  execute  and  file  with  the  state
  comptroller  a  bond to this state in a penalty to be fixed by the state
  tax commission not exceeding two hundred fifty  thousand  dollars,  with
  sureties  approved  by the attorney general, that it will keep its books
  and records and  make  reports  as  required  by  sections  two  hundred
  twenty-two  through seven hundred five of this chapter, that it will pay
  to the state all taxes imposed by this chapter, that it will  distribute
  to  the  patrons  of pari-mutuel pools conducted by it all sums due upon
  presentation of winning tickets held by them, and that it will otherwise
  comply with all of the provisions of  sections  two  hundred  twenty-two
  through  seven  hundred  five  of  this  chapter  and with the rules and
  regulations prescribed by the state racing and wagering  board  and  the
  state tax commission.