Section 528. Agreements involving other states

1.  The board shall be
  empowered  to  conclude  agreements  with  another  state  or  a  racing
  corporation  or  association  in  another  state, as the case may be, on
  behalf of any or all regional corporations for the purpose of conducting
  off-track betting on races run in another state, subject  to  the  other
  provisions of this article.
    2.  No  regional  corporation shall conclude such an agreement without
  the express approval of the board which shall be withheld upon a finding
  that such agreement would be contrary to the purposes of this article or
  upon the  board's  determination  to  act  directly,  pursuant  to  this
  section.
    3. Subdivisions one and two of this section shall apply in like manner
  to  any  agreements  with  another  state  or any agency, subdivision or
  entity thereof concerning off-track  pari-mutuel  betting  conducted  in
  another state on races run in this state. No franchised corporation, nor
  any  racing corporation or association licensed by the board shall enter
  into such an agreement without the board's express approval.