Senate Bill No. 16 amends the provisions related to the Video Draw Poker Device Fund in Louisiana. The bill modifies R.S. 27:437(C)(3) to clarify the distribution of funds within the Video Draw Poker Device Fund. Specifically, it states that any unexpended or unencumbered portion of the twenty-five percent remaining in the fund after allocations will not revert to the state general fund but will instead be redistributed according to the provisions of Paragraph (1). In contrast, any remaining portion of the seventy-five percent of unexpended or unencumbered funds at the end of the fiscal year will revert to the state general fund.

The bill is set to take effect upon the governor's signature or, if not signed, after the designated time for bills to become law without signature. If the bill is vetoed and later approved by the legislature, it will become effective the day after such approval. This legislative change aims to ensure that funds are utilized effectively and remain available for their intended purposes rather than reverting to the general fund.

Statutes affected:
SB16 Original: 27:437(C)(3)
SB16 Engrossed: 27:437(C)(3)
SB16 Enrolled: 27:437(C)(3)
SB16 Act 658: 27:437(C)(3)