Bonds and notes as legal investments
Source:
Section 515 — Bonds and notes as legal investments, https://www.nysenate.gov/legislation/laws/PML/515 (updated Sep. 22, 2014; accessed Jun. 21, 2025).
501
Definitions 502
Establishment of regional off-track betting corporations 502–A
Special provisions with regard to the western regional off-track betting corporation 503
Powers of regional corporations 503–A
Additional powers of the regional off-track betting corporations 504
Policing off-track betting 505
Acquisition or leasing of property 506
Loans and contributions by a participating county to a corporation 507
Contracts of corporations 508
Issuance of bonds and notes by a corporation 509
Reserve fund 509–A
Capital acquisition fund 510
State and participating counties not liable on bonds and notes 511
State’s right to require redemption of bonds 512
Remedies of holders of bonds and notes 513
Exemption from taxation 514
Notice of claim 515
Bonds and notes as legal investments 516
Moneys of corporations 517
Annual reports
Definitions 502
Establishment of regional off-track betting corporations 502–A
Special provisions with regard to the western regional off-track betting corporation 503
Powers of regional corporations 503–A
Additional powers of the regional off-track betting corporations 504
Policing off-track betting 505
Acquisition or leasing of property 506
Loans and contributions by a participating county to a corporation 507
Contracts of corporations 508
Issuance of bonds and notes by a corporation 509
Reserve fund 509–A
Capital acquisition fund 510
State and participating counties not liable on bonds and notes 511
State’s right to require redemption of bonds 512
Remedies of holders of bonds and notes 513
Exemption from taxation 514
Notice of claim 515
Bonds and notes as legal investments 516
Moneys of corporations 517
Annual reports
