SSHB365 3858 3976 HOUSE SUMMARY OF SENATE AMENDMENTS House Bill No. 365 by Representative Farnum RACING/COMMISSION: Provides relative to the membership of the Louisiana State Racing Commission Synopsis of Senate Amendments 1.Adds provisions of proposed law mandating the manner in which the monies designated for purses under present law from wagers placed at offtrack wagering facilities on historical horse races are to be distributed. 2.Provides that certain provisions of proposed law shall supersede certain provisions of the Act which originated as Senate Bill No. 209 of the 2021 Regular Session. 3.Makes proposed law effective upon signature of the governor. 4.Makes technical changes. Digest of Bill as Finally Passed by Senate Present law establishes the commission, requires the commission be composed of 13 members, and provides various criteria for the members. Proposed law retains present law. Present law requires three members of the commission to be owners of racehorses which participate in any race licensed by the commission. Proposed law retains present law. Proposed law requires that one of the three owner-members be from the Louisiana quarter horse industry. Proposed law requires certain monies from wagers placed at offtrack wagering facilities on historical horse races to be distributed as follows: (1) 70% allocated and provided to the licensed racing associations in the state which conduct live horse racing on the basis of the proportion of the number of thoroughbred race days each association conducted for the preceding year bears to the total number of thoroughbred race days conducted statewide for the preceding year, and such funds shall be used solely to supplement purses in accordance with a schedule or formula established by the purse committee of the Louisiana Thoroughbred Breeders Association on Louisiana-bred thoroughbred races. (2)30% allocated and provided to the licensed racing associations in the state which conduct live quarter horse racing on the basis of the proportion of the number of quarter horse race days each association conducted for the preceding year bears to the total number of quarter horse race days conducted statewide for the preceding year, and such funds shall be used solely to supplement purses in accordance with a schedule or formula established by the purse committee of the Louisiana Quarter Horse Breeders Association on Louisiana-bred quarter horse races. Certain provisions of proposed law supersede certain provisions of proposed law of the Act which originated as Senate Bill 209 of the 2021 Regular Session. Effective upon signature of the governor or lapse of time for gubernatorial action. (Amends R.S. 4:144(B)(2)(b); Adds R.S. 4:217(E)) Page 1 of 1