§ 27:393.1 — Facility maintenance and improvement fund

Louisiana § 27:393.1

• Jurisdiction: Louisiana
• Title 27: Louisiana Legislature

Text

§393.1. Facility maintenance and improvement fund
A. Each licensed eligible facility or licensee shall establish and maintain a facility
maintenance and improvement fund as provided in R.S. 4:164 and shall make deposits as
required therein.
B. The establishment, required deposits, and maintenance of a facility maintenance
and improvement fund as well as compliance with the minimum standards and required
infrastructure investments as determined by the Louisiana State Racing Commission shall
be a condition of licensing and shall be required by the owner of the licensed eligible facility
or the licensee to maintain continued authority to conduct slot machine gaming at the
licensed eligible facility. The provisions of this Subsection shall be applicable to any new
license or the renewal of any existing license issued by the board on and after July 1, 2022.
C. Except as provided in R.S. 27:361(E)(3), the board shall not issue a new or
renewed license to any eligible facility unless it receives certification from the Louisiana
State Racing Commission that the applicant eligible facility is in compliance with the
requirements of R.S. 4:164.

Legislative History

Acts 2022, No. 525, §2, eff. June 16, 2022; Acts 2022, No. 530, §2, eff. June 16, 2022.