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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2013 ENROLLED
SENATE BILL NO. 38
BY SENATOR CORTEZ
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
AN ACT1
To enact R.S. 4:183(B)(3) and (4), relative to horse racing; to provide for the distribution of2
certain monies as purses; and to provide for related matters.3
Be it enacted by the Legislature of Louisiana:4
Section 1. R.S. 4:183(B)(3) and (4) are hereby enacted to read as follows:5
ยง183. Contracts between licensees and permittees licensed to race horses at race6
meetings conducted in the state7
* * *8
B. Monies due as purses to persons licensed to race horses at race meetings9
conducted in the state as a result of conditions outlined in R.S. 4:183(A) and the10
monies due to the Horsemen's Benevolent and Protective Association pursuant to the11
provisions of R.S. 4:183(A)(4)(b) shall be allocated and distributed during the race12
meeting at which earned.13
* * *14
(3) Notwithstanding the provisions of Paragraph (2) of this Subsection,15
the provisions of this Paragraph shall only apply to thoroughbred race meetings16
at any facility where the purse revenue derived from slot machines is limited by17
law to a certain expressly stated number of slot machines. For such facilities,18
in the event the amount distributed as purses to persons licensed to race horses19
at thoroughbred race meetings conducted in the state is less than the amount20
required by Subsection A of this Section, and more than an amount equal to two21
times the average daily purse distribution at the race meeting at which such22
amount is generated, it shall be delivered to the Horsemen's Benevolent and23
ACT No. 342 SB NO. 38 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Protective Association for further distribution to persons having earned monies1
during the meeting, in the direct proportion that the underpayment is to the2
monies earned by that person at that meeting. In the event the underpayment3
is less than an amount equal to two times the average daily purse distribution4
at that meeting, it shall be retained by the association in an interest-bearing5
account to be used for purses at the next thoroughbred race meeting conducted6
by that association. Interest earned on the account shall be added to the purse7
paid over and above the amount required to be paid as purses by Subsection A8
of this Section.9
(4) For the purposes of this Subsection, "average daily purse10
distribution" means all sources of funds available for use as a purse or purse11
supplement that are required by law to be distributed during a race meeting.12
* * *13
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: