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 652 Original 2020 Regular Session Duplessis
Abstract: Repeals the Algiers Economic Development Foundation Fund and the New Orleans
Urban Tourism and Hospitality Training in Economic Development Foundation Fund.
Changes the Beautification Project for New Orleans Neighborhoods Fund to the Fair
Grounds Neighborhood Fund and directs the funding from the 2 repealed funds into this new
fund.
Present law provides for the annual distribution of monies collected from slot machine proceeds at
the pari-mutuel live racing facility in Orleans Parish to the Algiers Economic Development
Foundation Fund, New Orleans Urban Tourism and Hospitality Training in Economic Development
Foundation Fund, and the Beautification Project for New Orleans Neighborhoods Fund.
Proposed law repeals the Algiers Economic Development Foundation Fund and the New Orleans
Urban Tourism and Hospitality Training in Economic Development Foundation Fund.
Proposed law changes the name of the Beautification Project for New Orleans Neighborhoods Fund
to the Fair Grounds Neighborhood Fund.
Proposed law provides that the Fair Grounds Neighborhood Fund receive 45% of the slot machine
proceeds in Orleans Parish not to exceed $300,000 annually. Appropriations from the fund are to be
exclusively used to provide funding to the Fair Grounds Neighborhood in the City of New Orleans.
Effective on July 1, 2020.
(Amends R.S. 27:392(C)(5) and (7); repeals R.S. 27:392(C)(3) and (4))