N.Y. Racing, Pari-Mutuel Wagering and Breeding Law Section 1403
Scope of registration review


1.

The commission shall prescribe the initial form of the application for registration which shall require, but not be limited to:

(a)

the full name and principal address of the operator;

(b)

if a corporation, the name of the state in which incorporated and the full names and addresses of any partner, officer, director, shareholder holding ten percent or more equity, and ultimate equitable owners;

(c)

if a business entity other than a corporation, the full names and addresses of the principals, partners, shareholders holding five percent or more equity, and ultimate equitable owners;

(d)

whether such corporation or entity files information and reports with the United States Securities and Exchange Commission as required by section thirteen of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78a-78kk; or whether the securities of the corporation or entity are regularly traded on an established securities market in the United States;

(e)

the type and estimated number of contests to be conducted annually;

(f)

a statement of the assets and liabilities of the operator.

2.

The commission may require the full names and addresses of the officers and directors of any creditor of the operator, and of those stockholders who hold more than ten percent of the stock of the creditor.

3.

Upon receipt of an application for registration for each individual listed on such application as an officer or director, the commission shall submit to the division of criminal justice services a set of fingerprints, and the division of criminal justice services processing fee imposed pursuant to subdivision eight-a of Executive Law § 837 (Functions, powers and duties of division)section eight hundred thirty-seven of the executive law and any fee imposed by the federal bureau of investigation. Upon receipt of the fingerprints, the division of criminal justice services shall promptly forward a set of the individual’s fingerprints to the federal bureau of investigation for the purpose of a nationwide criminal history record check to determine whether such individual has been convicted of a criminal offense in any state other than New York or in a federal jurisdiction. The division of criminal justice services shall promptly provide the requested criminal history information to the commission. For the purposes of this section, the term “criminal history information” shall mean a record of all convictions of crimes and any pending criminal charges maintained on an individual by the division of criminal justice services and the federal bureau of investigation. All such criminal history information sent to the commission pursuant to this subdivision shall be confidential and shall not be published or in any way disclosed to persons other than the commission, unless otherwise authorized by law.

4.

Upon receipt of criminal history information pursuant to subdivision three of this section, the commission shall make a determination to approve or deny an application for registration; provided, however, that before making a determination on such application, the commission shall provide the subject of the record with a copy of such criminal history information and a copy of article twenty-three-A of the correction law and inform such prospective applicant seeking to be credentialed of his or her right to seek correction of any incorrect information contained in such criminal history information pursuant to the regulations and procedures established by the division of criminal justice services. The commission shall deny any application for registration, or suspend, refuse to renew, or revoke any existing registration issued pursuant to this article, upon the finding that the operator or registrant, or any partner, officer, director, or shareholder:

(a)

has knowingly made a false statement of material fact or has deliberately failed to disclose any information required by the commission;

(b)

has had a registration or license to offer or conduct contests denied, suspended, or revoked in any other state or country for just cause;

(c)

has legally defaulted in the payment of any obligation or debt due to any state or political subdivision; or

(d)

has at any time knowingly failed to comply with any requirement outlined in § 1404 (Required safeguards, minimum standards)section fourteen hundred four of this article, any other provision of this article, any regulations promulgated by the commission or any additional requirements of the commission.

5.

All determinations to approve or deny an application pursuant to this article shall be performed in a manner consistent with subdivision sixteen of Executive Law § 296 (Unlawful discriminatory practices)section two hundred ninety-six of the executive law and article twenty-three-A of the correction law. When the commission denies an application, the operator shall be afforded notice and the right to be heard and offer proof in opposition to such determination in accordance with the regulations of the commission.

Source: Section 1403 — Scope of registration review, https://www.­nysenate.­gov/legislation/laws/PML/1403 (updated Aug. 5, 2016; accessed Dec. 21, 2024).

Accessed:
Dec. 21, 2024

Last modified:
Aug. 5, 2016

§ 1403’s source at nysenate​.gov

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