The bill amends the Charitable Raffles, Bingo and Keno Licensing Law by updating provisions related to rental agreements for premises and equipment used in charitable gaming. Specifically, it allows for leases or other agreements to be established, stipulating that payments must not exceed a reasonable market rental rate that is mutually agreed upon in writing. The previous requirement that payments could not be based on a percentage of gross receipts or profits from games of chance has been removed.

Additionally, the bill modifies the licensing requirements for commercial lessors, ensuring that any lease to a charitable organization for gaming sessions also adheres to the reasonable market rental rate and specifies a minimum rental period of two hours. Furthermore, the bill repeals R.S. 4:727 in its entirety, indicating a significant change in the regulatory framework governing charitable gaming in Louisiana.

Statutes affected:
SB487 Original: 4:715(A)(7), 4:719(B)
SB487 Engrossed: 4:715(A)(7), 4:719(B)
SB487 Enrolled: 4:715(A)(7), 4:719(B)
SB487 Act 940: 4:715(A)(7), 4:719(B)