House Bill No. by Representative Boyer proposes the creation of the Louisiana Equestrian Corporation, which is designed to promote and enhance the equine industry within the state. The bill outlines the corporation's objectives, including the preservation of the equestrian community's history and culture, the stimulation of economic development, and the increase of employment opportunities related to equestrian activities. Governance of the corporation will be managed by a board of directors made up of eleven members, including representatives from the Horsemen's Benevolent and Protective Association and local parish presidents, with defined terms, compensation, and removal processes.

The bill grants the Louisiana Equestrian Corporation a range of powers, such as the ability to sue, enter contracts, accept donations, and manage equine facilities. It ensures that board members are not personally liable for the corporation's debts and clarifies that any debt incurred will not be a liability of the state or its political subdivisions. The corporation will also adhere to public records and open meetings laws, with specific exceptions for property negotiations. Furthermore, the bill mandates that the board must provide written public notice of any intended sale or lease at least thirty days in advance, ensuring transparency. Upon dissolution of the corporation, all assets will be transferred to the state, safeguarding public interests.