RS 4:183.2 Disposition of accrued interest on undistributed monies at a race meeting - Louisiana Statutes

§183.2.  Disposition of accrued interest on undistributed monies at a race meeting

Monies designated for purses under R.S. 4:183(A)(2) shall be deposited by the licensee in a separate interest bearing account when earned and shall remain in that account until the first day of the next race meeting of the appropriate breed.  Monies earned as interest on that account shall be added to those designated for purses under R.S. 4:183(A) and shall be considered part of the gross purses as defined therein.

Acts 1989, No. 626, §1, eff. July 7, 1989.