LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 840 HLS 24RS 1472
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 30, 2024 2:25 PM Author: BOYER
Dept./Agy.: Louisiana State Racing Commission
Subject: Provides for Members of the State Racing Commission Analyst: John McKay
RACING/COMMISSION EN +$26,000 LF EX See Note Page 1 of 1
Provides relative to the members of the Louisiana State Racing Commission
Proposed legislation provides for a per diem at the rate of $100 per day while attending official meetings, regular or special,
of the commission called by the chairman, or in his absence, one of the vice chairmen, not to exceed $4,000 per annum.
This measure allows any number of members of the commission to own a racehorse which participates in any race meeting
licensed by the commission. Proposed legislation allows for two members of the commission to be licensed veterinarians of
licensees of the commission.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $26,000 $26,000 $26,000 $26,000 $26,000 $130,000
Annual Total $26,000 $26,000 $26,000 $26,000 $26,000 $130,000
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
Proposed legislation will result in a maximum exposure of $26,000 in SGR expenditures in the Louisiana State Racing
Commission, associated with reimbursement to members for expenditures incurred in the discharge of official duties.
Proposed measure increases the per diem received by members from $50 to $100 per day while attending official meetings
and increases the annual amount allowed from $2,000 to $4,000.
The $26,000 increase in maximum exposure to the Louisiana State Racing Commission is calculated as follows:
Proposed law (13 members x $4,000 maximum = $52,000)
Current law (13 members x $2,000 maximum = $26,000)
Less = $26,000 Increase
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer


Statutes affected:
HB840 Original: 4:144(B)(2)
HB840 Engrossed: 4:144(B)(2)
HB840 Enrolled: 4:144(B)(2)
HB840 Act 639: 4:144(B)(2)