(a) Except as otherwise provided herein, no person shall operate a vessel on the waters of Lake George in excess of the following speed limits:

(b) The provisions of this section shall not apply to a seaplane while taking off or landing upon the waters of Lake George.

(c) The provisions of this section shall not apply to a vessel competing in or practicing for a boat race over a specified course held by a bona fide club or racing association between the hours of 9 a.m. and 6 p.m., provided that written notice of the date of the race and scheduled practice times have been given to the commission, not less than 15 days prior to the date of any race date or scheduled practice times, and the event is registered with the commission on such forms as the commission may prescribe. Where appropriate, the commission may require that notice of the event and all scheduled practice times be given to persons who may be impacted by such activities. The commission may also require proof that a satisfactory comprehensive general liability policy is in effect covering the event and the practice times.

(d) Nothing herein shall preclude a municipality with jurisdiction over the waters of Lake George from enacting a speed limit of less than 45 statute miles per hour on all or part of such waters.