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LouisianaHB 5932025 Regular SessionHouse

RACING/HORSE: Provides relative to the creation of Louisiana Equestrian Corporation (EN NO IMPACT See Note)

Sponsored By: Chad Michael Boyer (Republican)

Became Law

Judiciary BCommerce

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 1 costs, 1 mixed.

Horse corporation debt stays off public books

The corporation’s debt is not a debt or obligation of Louisiana, state agencies, or local governments. Board members are not personally responsible for debt issued by the corporation. Upon dissolution, all corporation funds, property, assets, interests, and rights become owned by Louisiana. The law sets no dissolution date or asset value.

New nonprofit supports Louisiana horse industry

The law creates the Louisiana Equestrian Corporation, a public nonprofit supporting horse-related training, heritage, research, facilities, and jobs. It is not a state agency or local government. Its 11-member board includes four Horsemen’s Benevolent and Protective Association designees and two governor-appointed Louisiana higher education representatives. The other five seats represent Calcasieu, St. Landry, Bossier, Orleans, and St. Tammany parish presidents or their designees. Office-based directors serve while holding office; specified elected members have initial three-year terms and may serve again if reelected. Directors receive no pay, but necessary expenses may be reimbursed when allowed by law. The board may remove members for just cause, as it defines it.

Horse corporation property talks allow temporary secrecy

The corporation is subject to public records, open meetings, and government ethics laws, with a property-negotiation exception. Its board can privately discuss negotiations to sell or lease corporation-owned land or buildings until 30 days before the planned transaction. Related negotiation and transaction-term records can remain confidential until 30 days before the planned sale or lease. The board must give written public notice at least 30 days before the planned action.

Horse facilities gain financing and fee powers

The corporation can buy, develop, sell, lease, build, and run horse facilities with public or private partners. It can accept grants, donations, appropriations, and loans, but the law provides no specific funding amount. It can borrow, issue debt, and pledge its property or income as security. It can authorize rents, admission fees, and other charges for facilities and activities. It can hire staff, contract with facility operators, assist investors, obtain insurance and guarantees, and invest unused funds in state-authorized investments. It must follow the terms of any state or federal aid it accepts.

Sponsors & Cosponsors

Sponsor

  • Chad Michael Boyer

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 239 • No: 0

House vote • 6/4/2025

Read by title, roll called, yeas 90, nays 0, Senate amendments concurred in.

Yes: 90 • No: 0

Senate vote • 6/3/2025

Rules suspended. Senate floor amendments read and adopted. Read by title, passed by a vote of 38 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 38 • No: 0

House vote • 5/14/2025

Read third time by title, amended, roll called on final passage, yeas 96, nays 0. Finally passed, title adopted, ordered to the Senate.

Yes: 96 • No: 0

House vote • 5/12/2025

Reported with amendments

Yes: 15 • No: 0

Actions Timeline

  1. Sent to the Governor for executive approval.

    6/9/2025House

  2. Enrolled and signed by the Speaker of the House.

    6/8/2025House

  3. Signed by the President of the Senate.

    6/8/2025Senate

  4. Read by title, roll called, yeas 90, nays 0, Senate amendments concurred in.

    6/4/2025House

  5. Rules suspended. Senate floor amendments read and adopted. Read by title, passed by a vote of 38 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    6/3/2025Senate

  6. Received from the Senate with amendments.

    6/3/2025House

  7. Scheduled for concurrence on 06/04/2025.

    6/3/2025House

  8. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    6/1/2025Senate

  9. Committee amendments read and adopted. Read by title and referred to the Legislative Bureau.

    5/29/2025Senate

  10. Reported with amendments.

    5/28/2025Senate

  11. Read second time by title and referred to the Committee on Judiciary B.

    5/20/2025Senate

  12. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    5/19/2025Senate

  13. Read third time by title, amended, roll called on final passage, yeas 96, nays 0. Finally passed, title adopted, ordered to the Senate.

    5/14/2025House

  14. Read by title, amended, ordered engrossed, passed to 3rd reading.

    5/13/2025House

  15. Scheduled for floor debate on 05/14/2025.

    5/13/2025House

  16. Reported with amendments (15-0).

    5/12/2025House

  17. Read by title, under the rules, referred to the Committee on Commerce.

    4/14/2025House

  18. Prefiled.

    4/4/2025House

  19. Under the rules, provisionally referred to the Committee on Commerce.

    4/4/2025House

  20. Becomes Act No. 512 without the Governor's signature.

    7/1/2024House

  21. Effective date: 08/01/2025.

    7/1/2024House

Bill Text

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