Members we need your help. This is a call to action for your help in defense of our Association. Please contact members of the House Commerce Committee and let them know that you oppose House Bill 596.
This bill requires monies currently dedicated and remitted directly to the Horsemen’s Benevolent and Protective Association (LHBPA) , the Louisiana Thoroughbred Breeders Association (LTBA) , and the Louisiana Quarter Horse Breeders Association (LQHBA) to be sent to the State Treasurer for deposit in the newly created Horse Industry Economic Sustainability Fund (HIES Fund).
This bill is unnecessary because it imposes oversight on these funds which is all ready in place.
The transfer of monies to the HIES Fund places those monies rightfully generated from our industry operations ( wagering, slots, and video poker from other racing facilities) under someone else’s control and may subject those monies to disbursement to others outside of racing who don’t deserve to share in these proceeds.
The bill also transfers monies that the LTBA and LQHBA receive to promote programs in the breeding industry. The breeding industry has an enormous economic impact on Louisiana through Breeders’ awards, job creation, and spending.
The bill attacks funds that support your benefit programs. Please note that these programs go a long way to provide benefits and help those on the racetrack who cannot afford to help themselves.
HB 596 will be heard in the House Commerce Committee on TUESDAY, APRIL 28, 2015 AT 9:00AM.