§ 27:626 — Sports Wagering Enforcement Fund

Louisiana § 27:626

• Jurisdiction: Louisiana
• Title 27: Louisiana Legislature

Text

§626. Sports Wagering Enforcement Fund
A. There is hereby created in the state treasury a special fund designated as the
"Sports Wagering Enforcement Fund", hereafter referred to as the "fund". After allocation
of money to the Bond Security and Redemption Fund as provided in Article VII, Section
9(B) of the Constitution of Louisiana, the treasurer shall deposit in and credit to the fund
monies from license, application, and permit fees collected pursuant to this Part. Monies in
the fund shall be invested in the same manner as monies in the state general fund. Interest
earned on investment of monies in the fund shall be deposited in and credited to the fund.
Unexpended and unencumbered monies in the fund shall remain in the fund. Monies in the
fund shall be appropriated, administered, and used solely as provided in this Section.
B. The monies in the fund shall be withdrawn only pursuant to appropriation by the
legislature and shall be used solely for the expenses of the Department of Public Safety and
Corrections, the Department of Justice, and the Louisiana Gaming Control Board, including
regulatory, administrative, investigative, enforcement, legal, and other expenses as may be
necessary to carry out the provisions of this Chapter and the rules of the board.

Legislative History

Acts 2021, No. 80, §3, eff. July 1, 2021.