SLS 18RS-642 ORIGINAL 2018 Regular Session SENATE BILL NO. 418 BY SENATOR PETERSON GAMING. Provides with respect to the casino operating contract. (8/1/18) 1 AN ACT 2 To amend and reenact R.S. 27:241(A), 241.1, 243(C), and 247, relative to the land-based 3 casino operating contract; to provide relative to the duration of the primary contract 4 term and the duration of renewal terms; to authorize a renewal term of thirty years 5 when certain conditions are met; to provide relative to compensation paid to the 6 Louisiana Gaming Control Board; to provide for a specific amount to be paid to the 7 Louisiana Gaming Control Board; to provide relative to the contract and payment for 8 casino support services; to provide for a specific amount to be paid to the governing 9 authority for the parish where the official gaming establishment is located for 10 providing casino support services; to provide relative to the casino gaming operator's 11 authority to conduct and offer non-casino gaming activities and operations; to 12 provide for certain restrictions on certain non-casino gaming activities including 13 restaurants and hotels; to provide relative to a memorandum of understanding and 14 agreement between the casino gaming operator and the Greater New Orleans Hotel 15 and Lodging Association; to provide relative to a memorandum of understanding and 16 agreement between the casino gaming operator and the Louisiana Restaurant 17 Association; and to provide for related matters. Page 1 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 Be it enacted by the Legislature of Louisiana: 2 Section 1. R.S. 27:241(A), 241.1, 243(C), and 247 are hereby amended and 3 reenacted to read as follows: 4 §241. Board to let contract to conduct casino gaming operations; bid specifications; 5 compensation of casino gaming operator; contract renewal 6 A.(1) Notwithstanding any provision of law to the contrary, the board of 7 directors shall publicly advertise, offer, and let, in accordance with the provisions of 8 this Chapter, a contract to conduct casino gaming operations at a single official 9 gaming establishment to be located upon the site of the Rivergate Convention Center 10 in Orleans Parish. The initial term of the contract and any option to extend or renew 11 the initial term of the contract may not exceed a total of twenty years primary term 12 and one ten-year renewal option except as provided in this Subsection. The 13 contract or renewal option to conduct casino operations shall not be subject to sale, 14 alienation, assignment, or transfer by the casino gaming operator except as provided 15 for in this Chapter. 16 (2) Notwithstanding any law to the contrary, upon a showing that 17 additional renewals of the casino operating contract will benefit the economy 18 of the state, encourage the continued growth of tourism, and promote the 19 stability of casino operations at the land-based casino, and subject to the 20 approval of any change in terms of the casino operating contract by the Joint 21 Legislative Committee on the Budget, the Louisiana Gaming Control Board 22 may approve and enter into additional thirty-year renewal terms of the casino 23 operating contract, in addition to the initial term and the ten-year renewal term, 24 subject to compliance with the provisions of this Chapter. 25 (3) The first thirty-year renewal term, extending the casino operating 26 contract to July 2054 shall contain provisions that do all of the following: 27 (a) Require the casino gaming operator to pursue a capital investment 28 on or around the official gaming establishment of three hundred fifty million 29 dollars ($350,000,000). Page 2 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 (b) As provided in R.S. 27:247, require the casino gaming operator to 2 annually pay directly to the governing authority of the parish where the official 3 gaming establishment is located a sum of money as set forth in R.S. 27:247 to 4 compensate the parish for the cost to the parish for providing support services 5 resulting from the operation of the official gaming establishment and activities 6 therein. 7 (c) As provided in R.S. 27:241.1(B), require the casino gaming operator 8 to annually pay to the Louisiana Gaming Control Board a sum of money as set 9 forth in R.S. 27:241.1(B), in addition to the existing obligation to remit to the 10 Louisiana Gaming Control Board any fees or compensation, including 11 compensation paid to the Louisiana Gaming Control Board pursuant to R.S. 12 27:241.1(A). 13 * * * 14 §241.1. Minimum compensation payments; effective March 31, 2001; payments 15 beginning August 1, 2018, and August 1, 2023 16 A. Notwithstanding the provisions of R.S. 27:241(C) or any other law to the 17 contrary, effective midnight March 31, 2001, the minimum compensation to be paid 18 by the casino operator to the Louisiana Gaming Control Board shall be the greater 19 of: (i) eighteen and one-half percent of gross revenues or (ii) fifty million dollars for 20 the casino fiscal year April 1, 2001 through March 31, 2002 and sixty million dollars 21 for each casino fiscal year thereafter. 22 B.(1) In addition to any existing obligation to remit to the Louisiana 23 Gaming Control Board any fees or compensation, including compensation paid 24 to the Louisiana Gaming Control Board pursuant to the provisions of this 25 Section, beginning on August 1, 2018, and continuing throughout the term of the 26 casino operating contract, the casino gaming operator shall annually pay to the 27 Louisiana Gaming Control Board the sum of money set forth in Paragraph (2) 28 of this Subsection. 29 (2)(a) Except as provided in Subparagraph (b) of this Paragraph, Page 3 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 beginning on August 1, 2018, the payment required by Paragraph (1) of this 2 Subsection shall be equal to three million four hundred thousand dollars 3 ($3,400,000). 4 (b) Beginning on August 1, 2023, the amount set forth in Subparagraph 5 (a) of this Paragraph shall be adjusted by a rate that is the lesser of two percent 6 or the Consumer Price Index, United States city average for all urban customers 7 (CPI-U), as prepared by the United States Department of Labor, Bureau of 8 Labor Statistics for the five calendar years immediately preceding the 9 adjustment, with adjustments being made to this amount in the same manner 10 every five years thereafter. 11 * * * 12 §243. Requirements for casino operating contract 13 * * * 14 C. As to Beginning August 1, 2018, the casino gaming operator is 15 authorized to conduct the following non-casino related activities at the official 16 gaming establishment or at another location subject to the requirements set 17 forth in Paragraphs (1), (2), and (3) of this Subsection: 18 (1) The casino gaming operator: 19 (a) May directly offer a single restaurant facility with table food within the 20 official gaming establishment, provided that the seating does not exceed one hundred 21 fifty seats. 22 (b) May directly offer limited cafeteria style food services for employees and 23 patrons provided that seating for patrons shall be limited to four hundred seats and 24 further that any such seating shall be used only for buffet seating. 25 (c) May directly cater events within the official gaming establishment 26 provided that such catering on the second floor of the facility shall be limited to 27 targeted persons identified in Subparagraph (g) of this Paragraph, and provided 28 further that the casino gaming operator shall permit persons contracting a catered 29 event the option of using outside caterers. Page 4 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 (d) May lease space on the second floor of the official gaming establishment 2 to unaffiliated third parties that shall be permitted to operate no more than two 3 restaurants with seating for no more than three hundred fifty persons, in the 4 aggregate. 5 (e) May directly operate non-casino related businesses on the second floor 6 of the casino provided that, other than as provided in Subparagraph (c) of this 7 Paragraph, any food for such operation shall be purchased or catered by a third party 8 restaurateur or food preparer with purchases at fair market value. 9 (f) May lease space to third parties that may operate non-casino related 10 businesses on the second floor of the official gaming establishment provided that the 11 primary purpose of such business is not a restaurant which shall require that no more 12 than thirty-five percent of the revenues of such business shall be derived from the 13 sale of food. 14 (g) May not offer or advertise complimentary or discounted food offerings 15 to the general public within a fifty-mile radius of the official gaming establishment 16 and within Louisiana, but may, nonetheless, offer and advertise complimentary or 17 discounted food offerings to: (i) a patron that is a member of a customer reward 18 system or otherwise maintained on a data base; (ii) a known "high roller" or patrons 19 on a junket with established play at the casino or with other casinos; (iii) a person 20 that, based upon observed win or loss levels, is eligible to obtain discounted or full 21 complimentary food offerings; (iv) a targeted prospective customer outside a fifty- 22 mile radius of the official gaming establishment or not within the state, provided that 23 no advertising of complimentary or discounted food offerings for such persons shall 24 be disseminated to the general public such as on billboards or in the print media; (v) 25 a person that has suffered a service error that results in complimentary or discounted 26 food offerings to rectify the error in service; or (vi) a vendor or other person visiting 27 the official gaming establishment for business or educational purposes. In no event 28 shall the casino gaming operator prospect for new customers in this state and within 29 a fifty-mile radius of the official gaming establishment through use of Page 5 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 complimentary or discounted food offerings disseminated through any advertising 2 media whether newspaper, television, direct mail, coupons, or billboards. 3 (h) May lease space to area restaurant owners and food preparers who may 4 offer to provide for food service in a kiosk area, in the official gaming establishment 5 provided that all seating for any kiosk area or areas shall be limited to an aggregate 6 of one hundred seats which shall be used only for kiosk seating. 7 (i) May may have a meeting space for parties, VIP events, and the like but 8 shall not rent business meeting space for business seminars and training associated 9 with the sale or purchase of rentable units, unless such rentable units are rented at the 10 rates established as provided in Subparagraph (C)(2)(b). 11 (2) The casino gaming operator, on its own or through an affiliate, shall not 12 provide lodging, except that the casino gaming operator may own or operate offsite 13 lodging, which may be physically connected to the official gaming establishment, 14 subject to the following conditions: at or in the vicinity of the official gaming 15 establishment consistent with the following conditions and any agreement 16 between the casino gaming operator and the Greater New Orleans Hotel and 17 Lodging Association and its predecessors, as such agreement may be amended 18 from time to time: 19 (a) There shall be no more than four hundred fifty rentable units, and not 20 more than fifteen thousand square feet of meeting space if a hotel is newly 21 constructed or twenty thousand square feet if an existing hotel is purchased or leased 22 that contains such space, from April 1, 2001 to March 31, 2005, provided that after 23 March 31, 2005, additional rentable units may be owned or operated with additional 24 meeting space, only in accordance with any agreement for such increases entered 25 into by and between the casino gaming operator and the Greater New Orleans Hotel- 26 Motel Association and its successors, as such agreement may be amended from 27 time to time. 28 (b) Except as provided in Subparagraph (c) of this Paragraph and 29 Paragraph (3)(a) of this Subsection, the casino gaming operator shall not advertise Page 6 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 room rates to the general public at below market rates. The casino gaming operator 2 shall base room rates on average seasonal rates for the preceding year of hotels 3 located in the Central Business District and French Quarter of the parish of the 4 official gaming establishment as compiled by a nationally recognized firm that 5 compiles data on room rates for such parish. 6 (c) The casino gaming operator shall not offer complimentary or discounted 7 hotel offerings to the general public, but may, nonetheless, offer complimentary or 8 discounted hotel offerings to: (i) a patron that is a member of the casino gaming 9 operator's or manager's customer reward system or otherwise maintained on the 10 casino gaming operator's or manager's data base; (ii) a known "high roller" or patrons 11 on a junket with established play at the official gaming establishment or with other 12 casinos; (iii) a person that, based upon observed win or loss levels at the casino, is 13 eligible to a discount or full complimentary offerings; (iv) a targeted prospect outside 14 a fifty-mile radius of the official gaming establishment, or not within the state; (v) 15 a person that has suffered a service error that results in a complimentary rate or 16 discount to rectify the error in service; or (vi) a vendor or other person visiting the 17 casino for business or educational purposes. 18 (d) The casino gaming operator shall not advertise to the general public, 19 which does not include those individuals specified in Items (c)(i) through (vi) of this 20 Paragraph, complimentary or discounted hotel rates; however, the casino gaming 21 operator may advertise rooms rented at the rates established in Subparagraph (b) of 22 this Paragraph on billboards outside a fifty-mile radius of the official gaming 23 establishment or on billboards outside of Louisiana. The casino gaming operator 24 may otherwise prospect for new customers through advertising media so long as the 25 pricing for rooms is consistent with the rate structure as set forth in Subparagraph (b) 26 of this Paragraph. 27 (e)(3)(a) The casino gaming operator is subject to the requirements of 28 a memorandum of understanding and agreement entered into with the Greater 29 New Orleans Hotel and Lodging Association dated March 2018, which shall Page 7 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 include an authorization to provide an agreed upon number of additional hotel 2 rooms at a new hotel site, and a memorandum of understanding and agreement 3 entered into with the Louisiana Restaurant Association dated March 2018. Any 4 action related to the enforcement of the memoranda of understanding and 5 agreements shall be instituted in a court of competent jurisdiction. The 6 Louisiana Gaming Control board shall retain jurisdiction over the casino 7 gaming operator's compliance with the provisions of this Chapter and any 8 regulations or rules adopted by the Louisiana Gaming Control Board. 9 (b) Among other things, the memorandum of understanding and 10 agreement with the Greater New Orleans Hotel and Lodging Association dated 11 March 2018, shall provide for the following: 12 (i) Only for those additional rooms authorized by the memorandum of 13 understanding and agreement dated March 2018, advertising of market rates 14 shall be based on average seasonal rates for the preceding year of luxury hotels 15 in the Central Business District, French Quarter, and Warehouse District of the 16 city of New Orleans, as compiled by a nationally recognized firm. 17 (ii) Room For rooms existing prior to August 1, 2018, room taxes shall be 18 paid by the casino gaming operator on all discounted and complimentary rooms to 19 be paid at the applicable tax rates based upon average seasonal rates for the 20 preceding year of hotels in the Central Business District, and French Quarter of the 21 parish of the official gaming establishment city of New Orleans, as compiled by a 22 nationally recognized firm. Only for those additional hotel rooms authorized 23 by the memorandum of understanding and agreement dated March 2018, room 24 taxes shall be paid by the casino gaming operator on all discounted and 25 complimentary rooms to be paid at the applicable tax rates based upon average 26 seasonal rates for the preceding year of luxury hotels in the Central Business 27 District, French Quarter, and Warehouse District of the city of New Orleans, 28 as compiled by a nationally recognized firm. 29 (3)(4) The casino gaming operator shall not engage in such activities as are Page 8 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 prohibited by the casino operating contract. 2 * * * 3 §247. Casino support services contract; Casino Support Services Fund 4 A. Subject to and in accordance with the provisions of this Chapter, the 5 gaming control board shall enter into a casino support services contract with the 6 governing authority of the parish where the official gaming establishment is located 7 in order to compensate the parish for the cost to the parish for providing support 8 services resulting from the operation of the official gaming establishment and the 9 activities therein. Support services as used in this Section shall include but not be 10 limited to fire, police, sanitation, health, transportation, and traffic services. The 11 amount of the contract shall be determined by negotiation and agreement between 12 the gaming control board and the parish, subject to approval by the Joint Legislative 13 Committee on the Budget. In the event that a new contract is not agreed upon by the 14 gaming control board and the parish by March thirty-first of any year, the contract 15 currently in effect shall be submitted to the Joint Legislative Committee on the 16 Budget for approval of the amount of the contract at the next meeting of the 17 committee. If the committee approves the amount of the contract the chairman shall 18 notify the treasurer of the amount of the contract and, the contract shall remain in full 19 force and effect. If the committee disapproves or does not act upon the amount of 20 the contract, the contract shall be null, void, and of no effect and the treasurer shall 21 be prohibited from depositing monies into the Casino Support Services Fund. 22 B.(1) There is hereby created in the state treasury, as a special fund, the 23 Casino Support Services Fund, hereinafter referred to as the "fund", to provide 24 compensation to the parish governing authority pursuant to a casino support services 25 contract executed pursuant to Subsection A of this Section. 26 (2) Monies in the fund shall be invested in the same manner as monies in the 27 general fund. Interest earned on investment of monies in the fund shall be credited 28 to the fund. Unexpended and unencumbered monies in the fund at the end of the 29 fiscal year shall remain in the fund. Page 9 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL 1 C. Monies in the fund shall be appropriated to the parish governing authority 2 and used to compensate the parish for its costs for providing support services 3 resulting from the operation of the official gaming establishment and the activities 4 therein. 5 A. Beginning on August 1, 2018, and continuing throughout the term of 6 the casino operating contract, the casino gaming operator shall annually pay 7 directly to the governing authority of the parish where the official gaming 8 establishment is located, the sum of money set forth in Subsection B of this 9 Section to compensate the parish for the cost to the parish for providing support 10 services resulting from the operation of the official gaming establishment and 11 activities therein. 12 B.(1) Except as provided in Paragraph (2) of this Subsection, beginning 13 on August 1, 2018, the annual payment required by Subsection A of this Section 14 shall be equal to three million six hundred thousand dollars ($3,600,000), 15 payable in quarterly installments. 16 (2) Beginning on August 1, 2023, the amount set forth in Paragraph (1) 17 of this Subsection shall be adjusted by a rate that is the lesser of two percent or 18 the Consumer Price Index, United States city average for all urban customers 19 (CPI-U), as prepared by the United States Department of Labor, Bureau of 20 Labor Statistics for the five calendar years immediately preceding the 21 adjustment, with adjustments being made to this amount in the same manner 22 every five years thereafter. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Angela L. De Jean. DIGEST SB 418 Original 2018 Regular Session Peterson The present law Louisiana Economic Development and Gaming Corporation Act provides for the creation of the Louisiana Economic Development and Gaming Corporation, the ownership interest of which is vested in the state, which is empowered to enter into contracts for the conducting of casino gaming operations at a single official gaming establishment in Orleans Parish. Pursuant to present law, effective May 1, 1996, the Louisiana Gaming Control Board assumed control of the affairs of the Louisiana Economic Development and Gaming Corporation and all powers, duties, functions, responsibilities, and obligations Page 10 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL associated therewith. Under present law the term of the contract and any option to extend or renew may not exceed a total of 20 years primary term and one ten-year renewal option. Proposed law amends present law to authorize the Louisiana Gaming Control Board to enter into additional 30-year renewal terms of the casino operating contract, in addition to the initial 20-year term and the one ten-year renewal term, upon a showing that additional renewals of the casino operating contract will benefit the economy of the state, encourage the continued growth of tourism, and promote the stability of casino operations at the land- based casino, and subject to the approval of any change in terms of the casino operating contract by the Joint Legislative Committee on the Budget. Proposed law requires the first 30-year renewal term which extends the casino operating contract to July 2054 to contain provisions that do all of the following: (1)Require the casino gaming operator to pursue a capital investment on or around the official gaming establishment of $350,000,000. (2)Require the casino gaming operator to annually pay directly to the governing authority of the parish where the official gaming establishment is located a sum of money, set forth in the provisions of proposed law, to compensate the parish for the cost to the parish for providing support services resulting from the operation of the official gaming establishment and activities therein. In this regard, present law requires the La. Gaming Control Board to enter into a contract for casino support services (including but not limited to fire, police, sanitation, health, transportation, and traffic services) with the governing authority of the parish where the official gaming establishment is located in order to compensate the parish for the cost to the parish for providing support services resulting from the operation of the official gaming establishment and the activities therein. The amount of the contract is determined by negotiation and agreement between the La. Gaming Control Board and the parish, subject to approval by the Joint Legislative Committee on the Budget, and is paid from the Casino Support Services Fund, specifically created for this purpose. Proposed law amends present law to repeal the procedure by which the La. Gaming Control Board pays the governing authority according to the negotiated casino support services contract, and instead provides that beginning on Aug. 1, 2018, the casino gaming operator shall annually pay the governing authority directly to compensate the parish for providing support services. Beginning Aug. 1, 2018, the annual payment, payable in quarterly installments, shall be equal to $3,600,000. Beginning on Aug. 1, 2023, this amount shall be adjusted by a rate that is the lesser of two percent or the Consumer Price Index, United States city average for all urban customers (CPI-U), as prepared by the United States Department of Labor, Bureau of Labor Statistics for the five calendar years immediately preceding the adjustment, with adjustments being made to this amount in the same manner every five years thereafter. (3)Require the casino gaming operator to annually pay to the Louisiana Gaming Control Board a sum of money as set forth in the provisions of proposed law, in addition to the existing present law obligations to remit to the Louisiana Gaming Control Board any fees or compensation. In this regard, present law provides that effective midnight Mar. 31, 2001, the minimum compensation to be paid by the casino operator to the La. Gaming Control Board shall be the greater of: (i) eighteen and one-half percent of gross revenues or (ii) $50,000,000 for the casino fiscal year April 1, 2001 through March 31, 2002, and Page 11 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL $60,000,000 for each casino fiscal year thereafter. Proposed law retains present law and provides that, beginning Aug. 1, 2018, in addition to this existing obligation, the casino gaming operator shall annually pay to the La. Gaming Control Board the sum of money equal to $3,400,000. Beginning on Aug. 1, 2023, this amount shall be adjusted by a rate that is the lesser of two percent or the Consumer Price Index, United States city average for all urban customers (CPI-U), as prepared by the United States Department of Labor, Bureau of Labor Statistics for the five calendar years immediately preceding the adjustment, with adjustments being made to this amount in the same manner every five years thereafter. Present law authorizes the casino gaming operator to operate and conduct certain non-casino gaming activities such as restaurants, cafeteria style food services, catering, special events, and leasing of space at the establishment for certain specified purposes including but not limited to business meetings for outside entities, special events, and parties. Present law further provides certain restrictions on the casino gaming operator relative to such operations and activities, including restrictions on pricing and advertising. Present law authorizes the casino gaming operator to own or operate offsite lodging which may be physically connected to the official gaming establishment subject to certain conditions and restrictions on the number of rentable units, square footage, advertising, and pricing. Proposed law amends provisions of present law to provide that beginning Aug. 1, 2018, the casino gaming operator is authorized to conduct certain non-casino related activities at the official gaming establishment or at another location subject to certain requirements as follows: (1)The casino gaming operator may have a meeting space for parties, VIP events, and the like but shall not rent business meeting space for business seminars and training associated with the sale or purchase of rentable units, unless such rentable units are rented at the rates based on average seasonal rates for the preceding year of hotels located in the Central Business District and French Quarter of Orleans Parish as compiled by a nationally recognized firm that compiles data on room rates for such parish. (2)The casino gaming operator, on its own or through an affiliate, shall not provide lodging, except that the casino gaming operator may own or operate lodging at or in the vicinity of the official gaming establishment consistent with both of the following: (a)Certain conditions provided by proposed law relative to room rates, complimentary and discounted hotel offerings, and advertising. (b)Any agreement between the casino gaming operator and the Greater New Orleans Hotel and Lodging Association and its predecessors, as such agreement may be amended from time to time. (3)The casino gaming operator is subject to the requirements of a memorandum of understanding (MOU) and agreement entered into with the Greater New Orleans Hotel and Lodging Association dated March 2018, which shall include an authorization to provide an agreed upon number of additional hotel rooms at a new hotel site, and a MOU and agreement entered into with the La. Restaurant Association dated March 2018. In this regard, proposed law provides: Page 12 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SB NO. 418 SLS 18RS-642 ORIGINAL (a)Any action related to the enforcement of the memoranda of understanding and agreement shall be instituted in a court of competent jurisdiction; and the La. Gaming Control board shall retain jurisdiction over the casino gaming operator's compliance with the provisions of present and proposed law and any regulations or rules adopted by the La. Gaming Control Board. (b)The memorandum of understanding and agreement with the Greater New Orleans Hotel and Lodging Association dated March 2018, shall provide for certain restrictions specified in proposed law, relative to advertising of market rates and room taxes, that apply only to the additional rooms authorized by the MOU and agreement. Effective August 1, 2018. (Amends R.S. 27:241(A), 241.1, 243(C), and 247) Page 13 of 13 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions.