Duties of the board; adoption of administrative regulations; rulemaking authority

A. (1) The board of directors shall provide the president with private-sector perspectives on the operation of a large gaming enterprise. (2) In addition, the board shall: (a) Approve or disapprove the budget for the operation of the corporation. (b) Approve or disapprove the terms of major procurements. (c) Serve as a board of appeal for any denial, revocation, or cancellation by the president of a contract, license, or permit issued pursuant to the provisions of this Chapter. (d) Adopt such administrative rules and regulations as may be necessary to carry out and implement its powers and duties, the operations of the corporation, the conduct of gaming operation in general, and any other matters necessary or desirable for the efficient and effective operation of the casino gaming or convenience of the public. (e) Review the performance of the corporation and advise the president and make recommendations to him regarding operations of the corporation. B. The board shall adopt rules for the conduct of specific games and gaming operations, including but not limited to rules specifying: (1) The types of games to be conducted. (2) The granting of credit to a patron. (3) Special procedures for making and soliciting requests for major procurements. C. The board may, by rule and regulation, create and adopt special procedures for promulgation of rules and regulations, but such special procedures and the creation and adoption of any rule, regulation, or special procedure of the board shall include legislative oversight and publication of notice of intent as provided for in R.S. 49:961 except that the notice may be published either in the official journal of the state or the Louisiana Register. D. For purposes of expeditious implementation of the provisions of this Chapter, the promulgation of initial administrative rules shall constitute a matter of imminent peril to public health, safety, and welfare as provided in R.S. 49:962.