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Can you summarize LARS 4.161.2?
HORSE RACING > License fees for conducting race meetings when two or more conflicting licensed race meetings occur within the state
Short Summary
This provision, found in the Louisiana Revised Statutes under the Amusements and Sports section, specifically in the HORSE RACING subsection, addresses the license fees for conducting race meetings when there are conflicting licensed race meetings within the state. If the racing dates granted to a licensee by the commission conflict with racing days granted to another licensee, the license fees for conducting a race meeting in a municipality or parish are determined based on the total daily pools. The fees range from three percent of the portion exceeding $100,000.00 for pools over $201,000.00, to a fixed amount of $11,030.00 plus five percent of any amount exceeding $401,000.00 for pools of $401,000.00 and over. The fees must be paid daily during each race meeting. Additionally, the provision outlines the process for returning the five thousand dollars deposited with the application for a license, deducting fees paid to parish governing authorities, and retaining thirty percent of the fees for purse supplements. No penalties are mentioned in this provision.
Whom does it apply to?
Any person, association, or corporation conducting a race meeting in a municipality or parish
What does it govern?
License fees for conducting race meetings when two or more conflicting licensed race meetings occur within the state
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Louisiana