SLS 11RS-55 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2011 SENATE BILL NO. 157 BY SENATOR AMEDEE MUNICIPALITIES. Authorizes the Lamar-Dixon Expo Center to accept corporate sponsors. (8/15/11) AN ACT1 To enact Subpart K of Part VI of Chapter 1 of Title 51 of the Louisiana Revised Statutes of2 1950, to be comprised of R.S. 51:300.33, relative to the Lamar-Dixon Expo Center3 in Ascension Parish; to provide relative to corporate sponsorship and revenue4 generation; and to provide for related matters.5 Notice of intention to introduce this Act has been published.6 Be it enacted by the Legislature of Louisiana:7 Section 1. Subpart K of Part VI of Chapter 1 of Title 51 of the Louisiana Revised8 Statutes of 1950, to be comprised of R.S. 51:300.33 is hereby enacted to read as follows: 9 SUBPART K. LAMAR-DIXON EXPO CENTER10 ยง300.7 Right to sell corporate sponsorships for Lamar-Dixon Expo11 A. The Lamar-Dixon Expo Center is hereby authorized to sell corporate12 sponsorships, including but not limited to event sponsorship, project13 sponsorship, program sponsorship and site sponsorship, to be used and for the14 benefit of any of the facilities and structures located on the center's property.15 B. Any agreement involving corporate sponsorship for the benefit of the16 Lamar-Dixon Expo Center must provide that all royalty and other payments in17 SB NO. 157 SLS 11RS-55 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. consideration for such right be paid to the entity which owns the facility. Any1 such agreement shall provide that it shall be approved by the governing2 authority of Ascension Parish before it becomes effective.3 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by James Benton. DIGEST Proposed law authorizes the Lamar-Dixon Expo Center is sell corporate sponsorships for the benefit of any of the facilities and structures located on the center's property. Proposed law provides that any agreement involving corporate sponsorships for the benefit of the Lamar-Dixon Expo Center must provide that all royalty and other payments in consideration for such right be paid to the entity which owns the facility. Any such agreement shall provide that it shall be approved by the governing authority of Ascension Parish before it becomes effective. Effective August 15, 2011. (Adds R.S. 51:300.33)