Louisiana 2011 2011 Regular Session

Louisiana House Bill HB516 Enrolled / Bill

                    ENROLLED
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Regular Session, 2011
HOUSE BILL NO. 516
BY REPRESENTATIVES LEGER, ABRAMSON, ARNOLD, AUSTI N BADON,
BISHOP, BROSSETT, HENDERSON, HINES, MORENO, AND STIAES AND
SENATORS MORRELL, PETERSON, AND WILLARD-LEWIS
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
AN ACT1
To amend and reenact R.S. 27:247 and 270(A)(3)(a), relative to the casino support services2
contract; to provide for the funding of such contract; to establish the Casino Support3
Services Fund as a special treasury fund; to provide for uses of monies in the fund;4
to provide for an effective date; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 27:247 and 270(A)(3)(a) are hereby amended and reenacted to read7
as follows: 8
§247.  Casino support services contract; Casino Support Services Fund9
A. Subject to and in accordance with the provisions of this Chapter, the10
gaming control board shall enter into a casino support services contract with the11
governing authority of the parish where the official gaming establishment is located12
in order to compensate the parish on a quarterly basis for the cost to the parish for13
providing support services resulting from the operation of the official gaming14
establishment and the activities therein. Support services as used in this Section15
shall include but not be limited to fire, police, sanitation, health, transportation, and16
traffic services. The amount of the contract shall be determined by negotiation and17
agreement between the gaming control board and the parish, subject to approval by18 ENROLLEDHB NO. 516
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the Joint Legislative Committee on the Budget. In the event that a new contract is1
not agreed upon by the gaming control board and the parish by March thirty-first of2
any year, the contract currently in effect shall be submitted to the Joint Legislative3
Committee on the Budget for approval of the amount of the contract at the next4
meeting of the committee. If the committee approves the amount of the contract, the5
contract shall remain in full force and effect.  If the committee disapproves or does6
not act upon the amount of the contract, the contract shall be null, void, and of no7
effect.  If the committee disapproves or does not act upon the amount of the contract8
and the contract is null, void, and of no effect, the treasurer shall not deposit any9
monies into the fund.10
B.(1) There is hereby created in the state treasury, as a special fund, the11
Casino Support Services Fund, hereinafter referred to as the "fund", to provide12
compensation to the parish governing authority pursuant to a casino support services13
contract executed pursuant to Subsection A of this Section.14
(2) Monies in the fund shall be invested in the same manner as monies in the15
general fund.  Interest earned on investment of monies in the fund shall be credited16
to the fund. Unexpended and unencumbered monies in the fund at the end of the17
fiscal year shall remain in the fund.18
C. Monies in the fund shall be appropriated to the parish governing authority19
and used to compensate the parish on a quarterly basis for the cost to the parish of20
providing support services resulting from the operation of the official gaming21
establishment and the activities therein.22
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§270. Deposit of revenues; expenditures and investments authorized; transfer of24
revenues to state treasury; corporation operating account; audit of25
corporation books and records; audits26
A.(1)27
*          *          *28
(3)(a) Daily, the corporation shall transfer to the state treasury for deposit29
into certain funds in the treasury, as provided in this Paragraph, the amount of net30 ENROLLEDHB NO. 516
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revenues which the corporation determines are surplus to its needs. After first being1
credited to the Bond Security and Redemption Fund in accordance with Article VII,2
Section 9(B) of the Constitution of Louisiana, and after satisfying any other3
requirements of the Constitution and laws of Louisiana, such net revenues shall be4
deposited as follows:5
(i) Ten percent The first one million eight hundred thousand dollars shall be6
deposited in and credited to the Casino Support Services Fund; the next seventy-four7
million dollars shall be deposited in and credited to the Support Education in8
Louisiana First Fund as provided in R.S. 17:421.7 and shall be used solely and9
exclusively for the same purposes provided for in Paragraph (B)(1) of that Section.10
(ii) Any net revenues in excess of the above amounts shall be divided equally11
between the Casino Support Services Fund and the Support Education in Louisiana12
First Fund up to the actual casino support services contract amount.13
(iii) Except in a year when the Joint Legislative Committee on the Budget14
disapproves or does not act upon the amount of the casino support services contract15
as provided in R.S. 27:247 and no revenues are required to be deposited in and16
credited to the Casino Support Services Fund, and after satisfying the requirements17
of Item (i) of this Subparagraph, all such net revenues shall be deposited in and18
credited to the Casino Support Services Fund as provided in R.S. 27:247, not to19
exceed the amount required to fully fund the casino support services contract most20
recently approved by the Joint Legislative Committee on the Budget.21
(iv) Ninety percent The remainder shall be deposited in and credited to the22
Support Education in Louisiana First Fund as provided in R.S. 17:421.7.23
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Section 2. This Act shall become effective upon signature by the governor or, if not25
signed by the governor, upon expiration of the time for bills to become law without signature26
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.  If27 ENROLLEDHB NO. 516
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vetoed by the governor and subsequently approved by the legislature, this Act shall become1
effective on the day following such approval.2
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: