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This entry was published on 2014-09-22
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Contracts of corporation
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 6
§ 609. Contracts of corporation. 1. The corporation shall let
contracts for construction or any other work, including the furnishing
of materials or supplies incident thereto, and contracts for the
purchase or procurement of equipment, materials or supplies: (i) in the
manner provided by law with respect to the letting of such contracts by
the state, except that where the estimated expense of a contract does
not exceed ten thousand dollars, such contract may be entered into
without public letting, provided however, that where the corporation
determines with respect to any contract that it would not be in the
public interest to comply with this section and the office of general
services, concurs in such determination, then it may enter into such
contract without public letting as authorized; or (ii) in the manner
provided in section five hundred seven of this chapter, if in
conjunction with one or more regional off-track betting corporations.

2. The corporation may make rules and regulations governing the
qualifications of bidders entering into such a contract where the cost
of such a contract exceeds ten thousand dollars. The bidding may be
restricted to those who shall have qualified prior to the receipt of
bids according to standards fixed by the corporation; provided, however,
that notice or notices for the submission of qualifications shall be
published in the state register and in an appropriate trade journal
published in the state, at least once, not less than ten days prior to
the date fixed for the filing of qualifications.

3. It shall be a misdemeanor for a director of the corporation or an
officer, agent, executive or other employee retained, employed or
appointed by the corporation to be in any manner or way interested,
directly or indirectly, as principal, surety or otherwise in a contract,
the expense or consideration whereof is payable out of funds of the
corporation. The corporation shall be subject to procurement lobbying as
provided in sections one hundred thirty-nine-j and one hundred
thirty-nine-k of the state finance law.