House Bill No. by Representative Hebert proposes the establishment of a new lottery game specifically designed to benefit veterans of the armed services. The bill enacts new provisions under R.S. 47:9008(D), 9031, and 9032, which mandate the Louisiana Gaming Control Board to create and regulate this lottery game. The board is tasked with ensuring that game tickets are continuously available for sale, marketing the game to inform the public that proceeds will support veterans, and depositing all revenues into a newly created Veterans Game Fund.
Additionally, the bill establishes the Veterans Game Board, responsible for disbursing funds from the Veterans Game Fund to programs aimed at improving the lives of veterans. The board will consist of various representatives from veteran organizations and state departments, and it will meet annually to review grant applications. The bill outlines specific eligibility criteria for grant applicants and mandates that any unspent funds at the end of the fiscal year be returned to the Department of Treasury, while interest earned on the fund's investments will remain within the Veterans Game Fund.