House Bill No. by Representative Boyer seeks to establish the Louisiana Equestrian Corporation, aimed at promoting and enhancing the equine industry within the state. The corporation's objectives include preserving the equestrian community's history and culture, stimulating economic growth, and creating job opportunities related to equestrian activities. It will be governed by a board of directors made up of nine members, including representatives from the Louisiana Horsemen's Benevolent and Protective Association and local parish presidents from areas with licensed racetracks. The bill outlines the powers and functions of the corporation, allowing it to enter contracts, accept donations, and manage equine facilities, while ensuring that board members are not personally liable for the corporation's debts.

Furthermore, the bill mandates that the board provide written public notice at least thirty days prior to finalizing any sale or lease, in accordance with R.S. 42:19. It clarifies that any debt issued by the corporation will not be considered a liability of the state or its political subdivisions. Upon dissolution of the corporation, all assets will be transferred to the state. The proposed law is designed to serve as a comprehensive framework for the corporation's operations, ensuring compliance with existing public records and open meetings laws, as well as the Code of Governmental Ethics.