§ 502. Establishment of regional off-track betting corporations. 1. A\nregional off-track betting corporation is hereby established for each\nregion, except the New York city region for which the New York city\noff-track betting corporation established pursuant to and subject to\narticle six of this chapter shall constitute the regional corporation\nand such article six shall govern such New York city off-track betting\ncorporation. Each regional corporation shall be a body corporate and\npolitic constituting a public benefit corporation. Each corporation\nshall be administered by a board of directors consisting of two members\nfrom each participating county containing a city of over one hundred\nfifty thousand in population, according to the last federal census, and\none member from each other participating county. Notwithstanding any\nother provision of law to the contrary, the members shall be appointed\nby the county governing body, and may, at the discretion of such\ngoverning body of counties which have a population of less than two\nhundred thousand, include sitting members of such governing body. A\nmember of a governing body who is appointed a director after July first,\nnineteen hundred ninety shall not be compensated by the regional\ncorporation; provided, however, that the mayor of a city of over one\nhundred fifty thousand that has elected to participate in the management\nof a corporation pursuant to subdivision two of this section shall, with\nthe approval of the city's legislative body, appoint one of the members\nto which the county containing such city is entitled. In the case of the\ncorporation established for the Suffolk region and Nassau region, the\nboard of directors of each corporation shall consist of three members\nappointed by the governing body of each county, not more than two of\nwhom shall be members of the same political party. Each director shall\nserve at the pleasure of the governing body or mayor appointing him, as\nthe case may be. A chairman shall be elected by the members to serve a\nterm of one year.\n 2. A city with a population of more than one hundred fifty thousand,\naccording to the last federal census, may elect to participate in the\nmanagement and revenues of a regional corporation if the county in which\nsuch city is located has elected to become a participating county. Such\nelection shall be by enabling legislation. Upon such election, such city\nshall participate in the amount of any loans or contributions made or to\nbe made by the participating county containing the city to the\ncorporation, pursuant to section five hundred six of this article, in\nthe proportion that such city will participate in net revenues payable\nto such county or such other equitable arrangement as shall be approved\nby the commission.\n 3. Upon the passage of enabling legislation by the governing body of\nnot less than three counties within a region representing not less than\nthirty percent of the population of such region, as determined by the\nlast federal census, or in the case of the Suffolk region, upon the\npassage of enabling legislation by the governing body of Suffolk county,\nor in the case of the Nassau region, upon the passage of enabling\nlegislation by the governing body of Nassau county, or in the case of\nthe Mid-Hudson region upon the passage of enabling legislation by the\ngoverning body of the county of Westchester and of the governing body of\none other county in such region, and following the appointment of\nmembers of the board of directors, such corporation shall file with the\nsecretary of state and with the commission a certificate setting forth:\n a. The date of passage of the enabling legislation;\n b. The name of the agency, which shall be the name of the region\nfollowed by the words "regional off-track betting corporation"; and\n c. The names of the members of the board of directors and the chair.\n 4. Each of the counties of the region that has not become a\npa
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