ENROLLED Page 1 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 Page 2 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 * * *23 §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 Page 3 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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 * * *24 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 Page 4 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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: