§ 256. Annual report. The fund shall annually make during the month of
January a report to the governor setting forth in detail:

1. Its operations and accomplishments during the preceding year; and

2. Its receipts and disbursements during the preceding year.

The fund is directed to report annually, on or before January
thirty-first, to the governor and the legislature, on the state of the
thoroughbred breeding industry in this state. Such reports shall
include, but not be limited to, the impact of the fund's programs on the
breeding and racing aspects of the industry; economic factors affecting
the industry such as employment and employment growth, state and local
benefits of breeding farms, income and the production of income within
this state, economic comparisons with other states; and data relative to
mares and stallions standing in New York to include such information as
the number in New York, racing quality as measured by wins and stakes
won and placed and money won, the number of foals and foal racing
quality as measured by sales value and number of starts, races and money
won, the progeny quality, including earnings, and the success of New
York-breds nationally.

The fund is further directed to incorporate into its reports comments
from spokesmen representing all segments of the industry as well as
recommendations on preserving and enhancing the thoroughbred breeding
industry in this state.