Louisiana 2016 2016 Regular Session

Louisiana House Bill HB276 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 276 Original	2016 Regular Session	Richard
Abstract:  Requires gaming proceeds be deposited into a new constitutional fund, the Bet on
Louisiana's Future Fund, and provides for the allocation of monies from this fund to the
MFP, the SELF fund, TOPS, Louisiana Community and Technical College System, the UAL,
and gaming enforcement and regulation.
Present constitution requires net lottery proceeds be deposited into the Lottery Proceeds Fund for
subsequent appropriation to the Minimum Foundation Program (MFP), except for $500,000
dedicated to services related to compulsive and problem gaming.
Proposed constitutional amendment directs fees, fines, net gaming revenues, and taxes from the state
lottery, casino, riverboat gaming (except boarding fees), slot machine gaming (except local taxes),
video draw poker (except funds directed to the district attorney's office or to the local governing
authority in which video draw poker devices are operated), and offtrack wagering to the Bet on
Louisiana's Future Fund.
Proposed constitutional amendment, beginning FY 2017-2018, requires allocation of these gaming
funds as follows:  52.5% to public elementary and secondary education, 11.5% to higher education,
and 11.5% to community and technical colleges including the MFP, TOPS, and the SELF fund. 
Additional allocations include 15% to the UAL and 5% for gaming enforcement and regulation.
Provides for submission of the proposed amendment to the voters at the statewide election to be held
November 8, 2016.
(Amends Const. Art. XII, §6(A)(1); Adds Const. Art. VII, §10.15)