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This entry was published on 2014-09-22
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Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 3
§ 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

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.