Sets compensation and maximum compensation for the boards of directors of off-track betting corporations

This bill increases pay for directors of New York's off-track betting corporations. It raises daily meeting compensation from $250 to $1,000 (with an annual cap rising from $2,500 to $15,000), boosts the chairman's annual salary from $1,000 to $5,000, and raises other meeting pay from $150 to $500 per day. Directors will also receive reimbursement for actual expenses related to their duties. The changes apply directly to board members of off-track betting corporations governed by New York's racing law. The bill takes effect April 1 following its enactment.