New York Gov. Andrew Cuomo and legislative leaders have reached an accord on the temporary takeover of the New York Racing Association by the state government.
The New York State Racing Franchise Accountability and Transparency Act of 2012, introduced June 16, will create a new 17-member board of directors at the troubled racing group that state officials insist will end its oversight in three years. The legislation is set to be adopted before lawmakers end their 2012 session later this week.
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