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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010
SENATE BILL NO. 354
BY SENATOR N. GAUTREAUX
HORSE RACING. Requires the Louisiana Horsemens' Benevolent and Protection
Association to submit an annual report to the legislative auditor. (8/15/10)
AN ACT1
To amend and reenact R.S. 4:185(C) and to enact R.S. 4:185(D), relative to the Horsemen's2
Benevolent and Protection Association; to provide for annual audits; to provide for3
procedure; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 4:185(C) is hereby amended and reenacted and R.S. 4:185(D) is6
hereby enacted to read as follows: 7
ยง185. Horsemen's bookkeeper8
* * *9
C. The account shall at all times be subject to audit by the legislative auditor10
or by a certified public accountant approved by the legislative auditor, the expenses11
of such audit to be paid by the Horsemen's Benevolent and Protective Association.12
The Horsemen's Benevolent and Protective Association shall conduct, at its13
expense, annual financial audits of all of its operations and programs including14
the Horsemen's Bookkeeper Account. The annual audits shall:15
(1) Be conducted by certified public accountants who are on the16
legislative auditor's list of approved certified public accountants.17 SB NO. 354
SLS 10RS-843 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(2) Have a compliance component for purposes of determining1
compliance with those laws related to racing that are contained in this Part or2
otherwise specifically and expressly applicable to the Horsemen's Benevolent3
and Protective Association.4
(3) Be carried out in accordance with government audit standards at all5
times when auditing the Horsemen's Bookkeeper Account.6
(4) Be presented to the legislative auditor in their entirety promptly7
upon completion.8
D. The provisions of Subsection C of this Section shall be carried out in9
accordance with the terms contained in a cooperative endeavor agreement10
between the legislative auditor and the Horsemen's Benevolent and Protective11
Association as authorized by Article 7, Section 14(C) of the Louisiana12
Constitution of 1974 and without any other approvals or formalities for same13
being required.14
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Michelle Ducharme.
DIGEST
Present law requires that the Horsemen's Bookkeeper Account be subject to audits by the
legislative auditor or by a certified public accountant approved by the legislative auditor, the
expenses of such audit to be paid by the Horsemen's Benevolent and Protective Association
("HBPA".)
Proposed law provides that the HBPA shall conduct, at its expense, annual financial audits
of all of its operations and programs including the Horsemen's Bookkeeper Account.
Provides that the annual audits shall:
(1)Be conducted by certified public accountants who are on the legislative auditor's list
of approved certified public accountants.
(2)Have a compliance component for purposes of determining compliance with those
laws related to racing or otherwise specifically and expressly applicable to the
Horsemen's Benevolent and Protective Association.
(3)Be carried out in accordance with government audit standards at all times when
auditing the Horsemen's Bookkeeper Account.
(4)Be presented to the legislative auditor promptly upon completion. SB NO. 354
SLS 10RS-843 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Proposed law shall be carried out in accordance with the terms contained in a cooperative
endeavor agreement between the legislative auditor and the Horsemen's Benevolent and
Protective Association as authorized by the constitution of this state and without any other
approvals or formalities for same being required.
Effective August 15, 2010.
(Amends R.S. 4:185(C); adds R.S. 4:185(D))