Louisiana 2014 Regular Session

Louisiana House Bill HB389 Latest Draft

Bill / Chaptered Version

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ACT No. 167
Regular Session, 2014
HOUSE BILL NO. 389
BY REPRESENTATIVE LEGER
AN ACT1
To amend and reenact R.S. 27:247 and 270(A)(3)(a), relative to the casino support services2
contract; to provide funding for such contract; to establish the Casino Support3
Services Fund as a special treasury fund; to provide for deposits into the fund; to4
provide for uses of monies in the fund; to provide for an effective date; and to5
provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 27:247 and 270(A)(3)(a) are hereby amended and reenacted to read8
as follows:9
§247.  Casino support services contract; Casino Support Services Fund10
A. Subject to and in accordance with the provisions of this Chapter, the11
gaming control board shall enter into a casino support services contract with the12
governing authority of the parish where the official gaming establishment is located13
in order to compensate the parish for the cost to the parish for providing support14
services resulting from the operation of the official gaming establishment and the15
activities therein. Support services as used in this Section shall include but not be16
limited to fire, police, sanitation, health, transportation, and traffic services.  The17
amount of the contract shall be determined by negotiation and agreement between18
the gaming control board and the parish, subject to approval by the Joint Legislative19
Committee on the Budget. In the event that a new contract is not agreed upon by the20 ENROLLEDHB NO. 389
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gaming control board and the parish by March thirty-first of any year, the contract1
currently in effect shall be submitted to the Joint Legislative Committee on the2
Budget for approval of the amount of the contract at the next meeting of the3
committee. If the committee approves the amount of the contract the chairman shall4
notify the treasurer of the amount of the contract and, the contract shall remain in full5
force and effect.  If the committee disapproves or does not act upon the amount of6
the contract, the contract shall be null, void, and of no effect and the treasurer shall7
be prohibited from depositing monies into the Casino Support Services Fund.8
B.(1)  There is hereby created in the state treasury, as a special fund, the9
Casino Support Services Fund, hereinafter referred to as the "fund", to provide10
compensation to the parish governing authority pursuant to a casino support services11
contract executed pursuant to Subsection A of this Section.12
(2) Monies in the fund shall be invested in the same manner as monies in the13
general fund.  Interest earned on investment of monies in the fund shall be credited14
to the fund. Unexpended and unencumbered monies in the fund at the end of the15
fiscal year shall remain in the fund.16
C. Monies in the fund shall be appropriated to the parish governing authority17
and used to compensate the parish for its costs for providing support services18
resulting from the operation of the official gaming establishment and the activities19
therein.20
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§270. Deposit of revenues; expenditures and investments authorized; transfer of22
revenues to state treasury; corporation operating account; audit of23
corporation books and records; audits24
A.25
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(3)(a) Daily, the corporation shall transfer to the state treasury for deposit27
into certain funds in the treasury, as provided in this Paragraph, the amount of net28
revenues which the corporation determines are surplus to its needs. After first being29
credited to the Bond Security and Redemption Fund in accordance with Article VII,30 ENROLLEDHB NO. 389
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Section 9(B) of the Constitution of Louisiana, and after satisfying any other1
requirements of the Constitution and laws of Louisiana, such net revenues shall be2
deposited as follows:3
(i)  In each year for which the Joint Legislative Committee on the Budget4
disapproves or does not act upon the amount of the casino support services contract5
as provided in R.S. 27:247 and no monies are deposited in and credited to the Casino6
Support Services Fund:7
(aa) Ten percent shall be deposited in and credited to the Support Education8
in 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)  (bb) Ninety percent shall be deposited in and credited to the Support11
Education in Louisiana First Fund as provided in R.S. 17:421.7.12
(ii) In each year for which the Joint Legislative Committee on the Budget13
approves the amount of the casino support services contract as provided in R.S.14
27:247:15
(aa) The first one million eight hundred thousand dollars shall be deposited16
in and credited to the Casino Support Services Fund.17
(bb) The next sixty million dollars shall be deposited in and credited to the18
Support Education in Louisiana First Fund as provided in R.S. 17:421.7.19
(cc) After satisfying the requirements of Subitems (aa) and (bb) of this Item,20
monies shall be deposited into the Casino Support Services Fund until the casino21
support services contract is fully funded for that year.22
(dd) After satisfying the requirements of Subitem (cc) of this Item, the23
remainder of the monies shall be deposited in and credited to the Support Education24
in Louisiana First Fund as provided for in R.S. 17:421.7.25
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Section 2. This Act shall become effective upon signature by the governor or, if not27
signed by the governor, upon expiration of the time for bills to become law without signature28
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana.  If29 ENROLLEDHB NO. 389
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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: