Posted: May 9, 2011 11:29 AM by Breanna Biehl
Updated: May 9, 2011 11:29 AM
BATON ROUGE- A new report says an organization representing Louisiana racing horse owners and trainers used money earmarked for medical, pension and workmen's compensation benefits for expensive lobbying efforts and lavish trips to internationalbeach resorts.
The audit of the Louisiana Horsemen's Benevolent and Protective Association was released Monday by Legislative Auditor Daryl Purpera's office. The report says the association may have jeopardized its nonprofit status, causing it to be subject to further regulation and taxes.
In its response to the audit, the horsemen's association says it is reviewing expense payments to determine whether they were appropriate. It also is drafting new written policies regulating travel, meals and entertainment costs.
More than $28,000 of international travel expenses paid by the medical trust fund will be repaid to the fund.