The original instrument was prepared by Michelle Ducharme. The following
digest, which does not constitute a part of the legislative instrument, was prepared
by Michelle Broussard-Johnson.
DIGEST
Cortez (SB 38)
Present law provides that monies due as purses to persons licensed to race horses at race
meetings conducted in the state as a result of conditions provided by the law and the monies due
to the Horsemen's Benevolent and Protective Association (HBPA) pursuant to law shall be
allocated and distributed during the race meeting at which earned.
Present law provides that if the amount distributed as purses to persons licensed to race horses at
race meetings conducted in the state is less than the amount required by law, and more than an
amount equal to the average daily purse distribution at the race meeting at which generated, it
shall be delivered to the HBPA for further distribution to persons having earned monies during
the meeting, in the direct proportion that the underpayment is to the monies earned by that person
at the meeting. If the underpayment is less than an amount equal to the average daily purse
distribution at that meeting, it shall be retained by the association in an interest bearing account
to be used for purses at the next thoroughbred meeting conducted by that association.
Proposed law retains present law but adds provisions applicable only to thoroughbred race
meetings at any facility where the purse revenue is derived from slot machines. Further provides
that in the event the amount distributed as purses to persons licensed to race horses at
thoroughbred race meetings conducted in the state is less than the amount required by present
law, and more than an amount equal to two times the average daily purse distribution at the
thoroughbred race meeting at which generated, it shall be delivered to the Horsemen's
Benevolent and Protective Association for further distribution to persons having earned monies
during the meeting, in the direct proportion that the underpayment is to the monies earned by that
person at that meeting.
Proposed law provides that in the event the underpayment is less than an amount equal to two
times the average daily purse distribution at that meeting, it shall be retained by the association in
an interest bearing account to be used for purses at the next thoroughbred meeting conducted by
that association. Interest earned on the account shall be added to the purse paid over and above
the amount required to be paid as purses by law. Proposed law defines "average daily purse
distribution" to include all sources of funds available for use as a purse or purse supplement that
are required by law to be distributed during a race meeting.
Effective August 1, 2013.
(Adds R.S. 4:183(B)(3) and (4)) Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original bill
1. Changes the applicability of the bill from statewide in scope to any facility where
the purse revenue derived from slot machines is limited by law to a certain
expressly stated number of machines.
Senate Floor Amendments to engrossed bill
1. Makes Legislative Bureau technical changes.
2. Provides certain provisions that will only apply to thoroughbred race meetings.
3. Provides the definition of the "average daily purse distribution."