Louisiana legislator Rep. Joe Harrison has introduced a bill into the state legislature that would place a hold on the gaming proceeds that go to the Horsemen's Benevolent and Protective Association, the Louisiana Thoroughbred Breeders Association, and the Louisiana Quarter Horse Breeders Association.
Harrison's bill would require the associations to present a budget to the House Appropriations and Senate Finance committees to justify expenses. Until then, the money will be held in a new fund called the Horse Industry Economic Sustainability Fund. The percentage of proceeds received by the groups will not change.
The Horsemen's Benevolent and Protective Association, which receives $5 million annually, was found to be abusing funds, including spending on vacations and luxury clothing in an investigation three years ago.
Stanley Seelig, who took over as president of the Association after the spending scandal, said he is concerned that the fund could be used to divert money from the industry when there are holes in the state budget.
Read more at Daily Comet
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