Statute · New York Racing, Pari-Mutuel Wagering and Breeding Law
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 331 — Powers
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 331
- Type
- Statute
- Source
- New York Racing, Pari-Mutuel Wagering and Breeding Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 331. Powers. The fund shall have power:
Citator
N.Y. Rac. Pari-Mut. Wag. & Breed. Law § 331 — Powers is in force in the current edition of the Code, and nothing recorded condemns it.
§ 331. Powers. The fund shall have power:
1. To sue and be sued.
2. To have a seal and alter the same at pleasure.
3. To acquire, hold and dispose of personal property for its corporate purposes.
4. To make by-laws for the management and regulation of its affairs.
5. To invest or to authorize the comptroller to invest on behalf of the fund any moneys of the fund pursuant to the provisions of section ninety-eight-a of the state finance law, and all interest earned shall be credited to each account authorized by section three hundred thirty-two of this chapter pursuant to resolution.