N.Y. Racing, Pari-Mutuel Wagering and Breeding Law § 705
Research grants
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2021
As of January 1, 2015
§ 705. Research grants. 1. Upon approval of a proposal by the\ncommittee, it shall then enter into a contractual relationship with the\napplicant for the research grant within the limit of the funds available\ntherefor and subject to the following limitations:\n a. All grants so provided shall be used for the direct cost of\napproved projects and shall not be used to supplant funds otherwise\navailable to the applicant or to the institution with which he is\naffiliated, or for the general cost recoveries which are rightfully the\nprior obligation of the institution to which the research grant is made.\n b. No funds shall be expended for the acquisition, construction or\nrenovation of capital facilities without specific prior written approval\nby the committee.\n c. Payments shall be made upon certified vouchers submitted to the\ncommittee, prepared in a format satisfactory to the committee.\n 2. Copies of grant contracts shall be furnished to the state racing\nand wagering board, and each of the funds named in section seven hundred\nthree of this article.\n
§ 705. Research grants. 1. Upon approval of a proposal by the\ncommittee, the committee shall then enter into a contractual\nrelationship with the applicant for the research grant within the limit\nof the funds available therefor and subject to the following\nlimitations:\n a. All grants so provided shall be used for the direct cost of\napproved projects and shall not be used to supplant funds otherwise\navailable to the applicant or to the institution with which the\napplicant is affiliated, or for the general cost recoveries that are\nrightfully the prior obligation of the institution to which the research\ngrant is made.\n b. No funds shall be expended for the acquisition, construction or\nrenovation of capital facilities without specific prior written approval\nby the committee.\n c. Payments shall be made upon certified vouchers submitted to the\ncommittee, prepared in a format satisfactory to the committee.\n 2. Copies of grant contracts shall be furnished to the commission, and\neach of the funds named in section seven hundred three of this article.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.