House Bill No. by Representative Domangue aims to allocate a portion of the proceeds from sports wagering to the newly established Imported Seafood Safety Fund. Specifically, the bill amends R.S. 27:625(G)(10) to include a provision that two and one-half percent of the revenues collected from sports wagering will be credited to this fund. Additionally, a new subsection, R.S. 27:625(G)(11), is enacted to state that any remaining funds after this allocation will be available as state general funds.

Furthermore, the bill amends R.S. 40:5.10.1(A) to clarify that the Imported Seafood Safety Fund will receive not only the funds collected under R.S. 40:31.35(C) but also the aforementioned two and one-half percent from the sports wagering proceeds. This ensures that the fund is adequately supported and can be utilized for its intended purpose, while also stipulating that any unspent funds will remain in the account for future use.

Statutes affected:
HB109 Original: 27:625(G)(10), 40:1(A)