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

This bill increases the annual compensation and maximum payment limits for board directors of off-track betting corporations. It raises the daily meeting attendance fee from $250 to $1,000 with an annual cap increasing from $2,500 to $15,000, while also adjusting other compensation amounts and the chairman's additional pay. The legislation applies to directors of these corporations and sets new reimbursement rules for expenses related to their official duties. The changes will take effect on April 1st of the fiscal year following the bill's enactment.