Bill > A10240

This bill establishes new qualifications for members of the boards of directors for regional off-track betting corporations, which are public benefit corporations responsible for managing off-track betting operations within specific geographic areas. Specifically, it prohibits individuals who have recently served as an officer or employee of a corporation from being appointed to its board or practicing before it for four years after their service ends, and similarly restricts former board members from receiving compensation for promoting or opposing resolutions before the board for four years. Furthermore, the bill permanently disqualifies anyone who has previously served as a board member from being reappointed, regardless of how their service ended, and requires that new appointees cannot participate in board meetings until their license application is approved by the commission. These changes aim to enhance oversight and prevent conflicts of interest within these corporations.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A10240