§284. Functions of corporation

            There is hereby authorized the formation and incorporation of a public nonprofit corporation to be known as the "Louisiana Equestrian Corporation". The corporation shall have its principal place of business in an appropriate municipality or parish. The purpose and functions of the corporation shall be as follows:

            (1) To promote the rich history, heritage, and culture of equestrian training in Louisiana.

            (2) To stimulate the equestrian training heritage of this state.

            (3) To encourage economic development resulting from the promotion of equestrian training in this state.

            (4) To increase opportunities for employment in this state.

            (5) To promote equestrian research in this state.

            (6) To encourage development of immovable property for equestrian activities.

            (7) To promote cooperation between the public and the private sector with respect to research and development.

            (8) To promote and assist institutions of higher education in the development of research, wellness, and medical facilities for equine activities.

            (9) To promote and assist the governing authority of the appropriate municipality or parish to encourage research and development, to increase opportunities for employment, and to develop equine facilities in such area.

            Acts 2025, No. 512, §1.