(a) significant service as an accountant economist, or financial
analyst experienced in finance or economics;
(b) significant service in an academic field relating to finance or
economics;
(c) significant service and knowledge of the commercial real estate
industry; or
(d) significant service as an executive with fiduciary
responsibilities in charge of a large organization or foundation.
4. No member of the board:
(a) may have a close familial or business relationship to a person
that holds a license under this chapter;
(b) may have any direct or indirect financial interest, ownership, or
management, including holding any stocks, bonds, or other similar
financial interests in any gaming activities, including horse racing,
lottery or gambling;
(c) may receive or share in, directly or indirectly, the receipts or
proceeds of any gaming activities, including horse racing, lottery or
gambling;
(d) may have a beneficial interest in any contract for the manufacture
or sale of gaming devices, the conduct of any gaming activity, or the
provision of any independent consulting services in connection with any
establishment licensed under this chapter.
5. Board members are entitled to actual and necessary expenses
incurred in the discharge of their duties but may not receive
compensation for their service on the board.
6. (a) The commission shall provide staff to the board.
(b) The board may contract with a consultant to assist in the analysis
of applications submitted for gaming facility licenses.
(c) The board may contract with attorneys, accountants, auditors and
financial and other experts to render necessary services.
(d) All other state agencies shall cooperate with and assist the board
in the fulfillment of its duties under this article and may render such
services to the board within their respective functions as the board may
reasonably request.
7. Utilizing the powers and duties prescribed for it by article
thirteen of this chapter, the board shall select, through a competitive
process consistent with provisions of article thirteen of this chapter,
not more than seven gaming facility license applicants. Such selectees
shall be authorized to receive a gaming facility license, if found
suitable by the commission. The board may select another applicant for
authorization to be licensed as a gaming facility if a previous selectee
fails to meet licensing thresholds, is revoked or surrenders a license
opportunity.
Structure New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 1 - Supervision and Regulation
102 - New York State Gaming Commission.
103 - Organization and Divisions.
104 - Powers and Duties of the Commission.
108 - Certain Restrictions on Wagering.
109 - Supplementary Regulatory Powers of the Commission.
109-A - Separate Board for Facility Siting.
110 - Statement of Stockholders to Be Filed.
111 - Compulsive Gambling Assistance.
112 - Pari-Mutuel Operations; Filing of Tax Forms and Other Statistics.
113 - Filing of Pari-Mutuel Tax Returns or Reports by Electronic Means.
115-A - Fee for the Start of a Horse in New York State Pari-Mutuel Races.
115-B - Market Origin Credits.
120 - Continuity of Authority.
121 - Completion of Unfinished Business.
122 - Continuation of Rules and Regulations.
123 - Terms Occuring in Laws, Contracts and Other Documents.
124 - Existing Rights and Remedies Preserved.
125 - Pending Actions or Proceedings.
126 - Transfer of Appropriations Heretofore Made.
127 - Transfer of Assests and Liabilities.
128 - Promulgation of Rules and Regulations.
129 - Construction of Other Laws or Provisions.
130 - The Office of Gaming Inspector General.
131 - Gaming Inspector General; Functions and Duties.
133 - Responsibilities of the Commission and Its Officers and Employees.