§ 209. Examination of the books and accounts by the state comptroller. Notwithstanding any other provision of this article, the state comptroller may from time to time examine the books and accounts of such franchised corporation, including its receipts, disbursements, contracts, leases, loans, investments and any other matters relating to its financial operations, including the franchised corporation's calculation of the franchise fee payment pursuant to the provisions of subdivision one of section two hundred eight of this article and report the results of each audit to the governor, the legislature, the attorney general, the franchise oversight board and the commission.

Terms Used In N.Y. Racing, Pari-Mutuel Wagering and Breeding Law 209

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Oversight: Committee review of the activities of a Federal agency or program.
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