Legislation
SECTION 621
Annual and special reports
Racing, Pari-Mutuel Wagering and Breeding Law (PML) CHAPTER 47-A, ARTICLE 6
§ 621. Annual and special reports. Within one hundred twenty days
after the end of the fiscal year of the corporation, the directors
thereof shall submit to the governor, the legislature, the commission
and the state comptroller a complete and detailed report setting forth:
1. Its operations and accomplishments during such fiscal year;
2. Its receipts and expenditures during such fiscal year in accordance
with categories or classifications established by the corporation for
its own operating and capital outlay purposes;
3. Its assets and liabilities at the end of such fiscal year including
a schedule of its bonds, notes or other obligations and the status of
reserves, depreciation, special, sinking or other funds;
4. Details of branch offices being planned or in the process of being
constructed or otherwise established and branch offices that have been
constructed or established;
5. Such other information relating to the operations of the
corporation as shall be requested by any party receiving such report.
after the end of the fiscal year of the corporation, the directors
thereof shall submit to the governor, the legislature, the commission
and the state comptroller a complete and detailed report setting forth:
1. Its operations and accomplishments during such fiscal year;
2. Its receipts and expenditures during such fiscal year in accordance
with categories or classifications established by the corporation for
its own operating and capital outlay purposes;
3. Its assets and liabilities at the end of such fiscal year including
a schedule of its bonds, notes or other obligations and the status of
reserves, depreciation, special, sinking or other funds;
4. Details of branch offices being planned or in the process of being
constructed or otherwise established and branch offices that have been
constructed or established;
5. Such other information relating to the operations of the
corporation as shall be requested by any party receiving such report.