ENROLLED Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. ACT No. 709 Regular Session, 2012 HOUSE BILL NO. 445 BY REPRESENTATIVE LOPINTO AN ACT1 To enact R.S. 27:311(D)(5) and (6), relative to video draw poker; to provide for the holding2 of franchise payments until remitted to the state; to provide for liability of device3 owners and shareholders, officers, directors, partners, managers, and managing4 members for payment of the franchise payment to the state of Louisiana; to provide5 for rulemaking; and to provide for related matters.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 27:311(D)(5) and (6) are hereby enacted to read as follows: 8 ยง311. Licensing by division; fees; franchise payments; enforcement activities9 * * *10 D.11 * * *12 (5) The franchise payment authorized by the provisions of this Section shall13 be securely held by the device owner on behalf of the state of Louisiana, until such14 time as the franchise payment is remitted to and received by the division. Any15 franchise payment held in accordance with the provisions of this Paragraph shall be16 deemed to be held in trust for the state of Louisiana. Upon the failure of a device17 owner to remit any portion of the franchise payment to the division, the device owner18 and its shareholders, officers, and directors if a corporation, its partners if a19 partnership, and its members, managers, and managing members if a limited liability20 company, shall be jointly and severally liable to the state of Louisiana for the21 franchise payment until it is remitted to and received by the division.22 (6) The Louisiana Gaming Control Board shall adopt rules to provide for the23 collection of franchise payments as provided for in this Section. Such rules shall be24 ENROLLEDHB NO. 445 Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. adopted pursuant to the provisions of the Administrative Procedure Act and R.S.1 27:15(B)(8).2 * * *3 Section 2. In the event Senate Bill 575 of the 2012 Regular Session is enacted into4 law, the Louisiana State Law Institute is hereby directed to redesignate R.S. 27:311(D)(5)5 and (6) as provided in this Act as R.S. 27:435(D)(5) and (6).6 SPEAKER OF THE HOUSE OF REPRESENTATI VES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED: