New York Laws
Article 6 - New York City Off-Track Betting Corporation
609-A - Capital Acquisition Fund.

(1) no contribution shall exceed the amount of one percent of the
total pari-mutuel wagering pools for the quarter in which the
contribution is made;
(2) no contribution shall reduce the amount of quarterly net revenues,
exclusive of surcharge revenues, to an amount less than fifty percent of
such net revenues; and
(3) the balance of the fund shall not exceed the lesser of one percent
of total pari-mutuel wagering pools for the previous twelve months or
the undepreciated value of the corporation's offices, facilities and
premises.

Structure New York Laws