Louisiana House Bill HB365

Louisiana 2021 Regular Session

• Introduced: 3/31/21
• Refer: 3/31/21
• Refer: 4/12/21
• Report Pass: 4/20/21
• Engrossed: 4/26/21
• Refer: 4/27/21
• Report Pass: 6/1/21
• Enrolled: 6/9/21
• Vetoed: 7/1/21

Caption

Provides relative to the membership of the Louisiana State Racing Commission

Impact

Additionally, the bill introduces a new framework for the distribution of purse supplements derived from wagers placed at offtrack facilities on historical horse races. It stipulates that 70% of the funds collected must go to licensed racing associations conducting live thoroughbred racing, while 30% is allocated for quarter horse racing. This adjustment is anticipated to provide more financial support to the purse structure of horse racing in Louisiana, aiming to attract more competitive races and potentially enhance economic activity within the sector.

Summary

House Bill 365 seeks to amend and reenact specific sections of the Louisiana Revised Statutes relating to the Louisiana State Racing Commission. One of the primary provisions of this legislation is the requirement that one member of the commission must represent the Louisiana quarter horse industry. This move is designed to ensure that the interests of quarter horse breeders and owners are adequately represented in governance and decision-making processes of the racing commission.

Sentiment

The general sentiment around HB 365 seems to be positive, particularly among those within the horse racing community. Stakeholders, including horse breeders and racers, likely view the bill as a progressive step that acknowledges the need for diverse representation within the commission and improves the viability of horse racing events in the state. The unanimous House vote of 99-0 in favor indicates a strong legislative backing, reflecting a consensus on the perceived need for these changes.

Contention

While the bill appears to have broad support, potential points of contention could arise regarding the specifics of how the purse supplement distribution is managed, and whether it adequately addresses the needs of both thoroughbred and quarter horse racing industries. There may also be challenges related to resource allocation among different racing associations and ensuring equity in the benefits derived from the purse supplements.