88°
Baton Rouge, Louisiana
7 Day Forecast
Follow our weather team on social media

La. colleges owed $15M from racing commission, audit says

Related Story

BATON ROUGE - A new audit says higher education, which has struggled with budget cuts, has been shortchanged more than $15 million it was owed from the Louisiana State Racing Commission.

The Legislative Auditor's Office says the money should have been paid from a slice of the license fee on wagers at off-track betting facilities.

The audit was released Monday.

Auditors say under state law the Board of Regents should have received one-third of the license fees collected, a figure tallied at more than $15 million from July 1996 through April 2015.

The racing commission disagrees.

The commission says it didn't have a "mechanism" for distributing the money to the Board of Regents. And it says the board never sought to collect the funds in the 28 years since the law was enacted.

News

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days