ยง 601. Declaration of policy and statement of purposes. It is hereby
found, determined and declared:
1. That the New York state off-track pari-mutuel betting law was
created by a chapter of the laws of nineteen hundred seventy;
2. That the New York state off-track pari-mutuel betting commission,
established by such law, was authorized to approve the operation of
off-track pari-mutuel betting systems by public benefit corporations in
participating municipalities;
3. That the operation of an off-track pari-mutuel betting system by a
public benefit corporation in New York city, in accordance with the
provision of the New York state off-track pari-mutuel betting law, is
deemed to be a matter of state concern and a public purpose which cannot
be adequately attained except by the powers of government, and that such
public benefit corporation in the exercise of the powers conferred upon
it by this article, will perform a governmental function.
Structure New York Laws
PML - Racing, Pari-Mutuel Wagering and Breeding Law
Article 6 - New York City Off-Track Betting Corporation
601 - Declaration of Policy and Statement of Purposes.
603 - New York City Off-Track Betting Corporation.
604 - Powers of the Corporation.
605 - Policing of Off-Track Betting.
606 - Personnel Administration; Pension, Retirement and Other Benefits.
609 - Contracts of Corporation.
609-A - Capital Acquisition Fund.
611 - Issuance of Bonds and Notes by Corporation.
614 - State and City Not Liable on Bonds and Notes.
616 - Remedies of Holders of Bonds and Notes.
617 - Exemption From Taxation.
618 - Notice of Claim; Action Against Corporation.
619 - Civil Actions Against Employees of the Corporation.
620 - Bonds and Notes as Legal Investments.
621 - Annual and Special Reports.