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 932 Engrossed 2024 Regular Session Boyer
Abstract: Provides relative to purse supplements.
Present law provides that notwithstanding any provision of law to the contrary and upon agreement
of the Horsemen's Benevolent and Protective Association (HBPA) and the involved licensed eligible
facilities, the commission may approve the transfer of slot machine proceeds received for
thoroughbred or quarter horse race purses from one licensed eligible facility to another licensed
eligible facility to supplement quarter horse or thoroughbred purses at a quarter horse or
thoroughbred race meet.
Proposed law amends present law to state that notwithstanding any provision of law to the contrary
and upon agreement of the HBPA and the licensed eligible facilities transferring and receiving purse
funds, the commission may approve the transfer of any purse funds for thoroughbred or quarter horse
race purses from one licensed eligible facility to another licensed eligible facility to supplement
thoroughbred or quarter horse purses at a thoroughbred or quarter horse race meet.
Present law states that monies designated for purses under present law shall be remitted to the HBPA
within 10 business days to be deposited in a separate interest-bearing account when earned and shall
remain in that account until the first day of the next race meeting of the appropriate breed. Monies
earned as interest on that account shall be added to those designated for purses under present law and
shall be considered part of the gross purses as defined therein.
Proposed law amends present law to clarify that the monies earned as interest on that account shall
be added to those designated for La. bred purses under present law and shall be considered part of
the gross purses as defined therein.
Present law provides for purse supplements and their designation and distribution.
Proposed law amends present law to add that all interest earned on purses and purse supplements in
accordance with present law shall be for only La. bred races.
Present law provides for the conduct of slot machine gaming.
Proposed law amends present law to add that all interest earned on funds in present law shall be
used for only La. bred races.
Present law provides for the distribution of video poker device revenues, particular licensed establishments, and pari-mutual wagering facilities.
Proposed law amends present law to add that all interest earned on purses and purse supplements in
accordance with this present law shall be for only La. bred races.
(Amends R.S. 4:147.1(D), 183.2(A), and 217(D)(3) and R.S. 27:438(B)(5); Adds R.S.
27:361(B)(4)(d))