§ 4:176 — Limitation of time for presenting pari-mutuel tickets and disposition of unclaimed

Louisiana § 4:176

• Jurisdiction: Louisiana
• Title 4: Amusements and Sports

Text

§176. Limitation of time for presenting pari-mutuel tickets and disposition of unclaimed
monies
A. All pari-mutuel tickets evidencing the right to participate in pari-mutuel pools or
the right to a refund must be presented for payment within ninety days after the close of the
race meeting conducted by the licensee. The failure to present such a ticket within the
prescribed time shall constitute a waiver of the right to participate in the pari-mutuel pool or
the right to a refund. Thereafter, the holder of such ticket shall have no right to enforce
payment thereof.
B. The sum held by any licensee for payment of outstanding winning pari-mutuel
tickets and for refunding the price of pari-mutuel tickets shall be retained by such licensee
for such purpose until the expiration of ninety days after the close of the race meeting
conducted by the licensee. One hundred days after the close of any race meeting, the licensee
shall each day accumulate the amount equal to the sum of the unclaimed monies that expire
that day. On or before the fifteenth day of the first month following the end of a calendar-year quarter, the licensee shall remit less the amount of state tax paid by the licensee on such
unclaimed monies, to the state treasurer for deposit into the Crime Victims Reparations Fund
as provided for in R.S. 46:1816(B)(8) an amount equal to the accumulated total for the
previous calendar-year quarter. Such funds shall be used exclusively to pay the expenses
associated with health care services of victims of sexually oriented criminal offenses,
including forensic medical examinations as defined in R.S. 15:622.
C. The Louisiana Racing Commission shall promulgate rules and regulations as
necessary and in accordance with the Administrative Procedure Act for the administration
and enforcement of this Section.

Legislative History

Acts 1968, No. 554, §1; Acts 1983, No. 593, §1; Acts 1990, No. 556, §1; Acts 1992, No. 391, §1, eff. June 18, 1992; Acts 2015, No. 186, §1.