Louisiana § 33:3005 Avoyelles Parish Local Government Gaming Mitigation Fund; allocation and use of

Louisiana Statutes

§ 33:3005 — Avoyelles Parish Local Government Gaming Mitigation Fund; allocation and use of

Louisiana·Title 33 Municipalities and Parishes

§3005. Avoyelles Parish Local Government Gaming Mitigation Fund; allocation and use of monies in the fund

A.The state treasurer shall immediately deposit all quarterly financial contributions received by the state of Louisiana under the provisions of the compact between the state and the Tunica-Biloxi Indian Tribe of Louisiana entitled, "Tribal-State Compact for the Conduct of Class III Gaming Between the Tunica-Biloxi Indian Tribe of Louisiana and the State of Louisiana", as amended and hereinafter known as the "compact", into a special fund which is hereby created in the state treasury and designated as the "Avoyelles Parish Local Government Gaming Mitigation Fund", hereinafter referred to as the "fund".

B.The monies in the fund shall be used solely to offset and defray the expenses of

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§3005. Avoyelles Parish Local Government Gaming Mitigation Fund; allocation and use of
monies in the fund
A. The state treasurer shall immediately deposit all quarterly financial contributions
received by the state of Louisiana under the provisions of the compact between the state and
the Tunica-Biloxi Indian Tribe of Louisiana entitled, "Tribal-State Compact for the Conduct
of Class III Gaming Between the Tunica-Biloxi Indian Tribe of Louisiana and the State of
Louisiana", as amended and hereinafter known as the "compact", into a special fund which
is hereby created in the state treasury and designated as the "Avoyelles Parish Local
Government Gaming Mitigation Fund", hereinafter referred to as the "fund".
B. The monies in the fund shall be used solely to offset and defray the expenses of
certain political subdivisions within Avoyelles Parish as provided in Subsection C of this
Section which result from the conduct of Class III gaming. All unexpended and
unencumbered monies in the fund at the end of each fiscal year shall remain in the fund; the
treasurer shall invest all monies in the fund in the same manner as the monies in the state
general fund and all interest earned shall remain to the credit of the fund.
C. Within ten days of the deposit of the monies into the fund each quarter, the state
treasurer shall remit all such monies to the Avoyelles Parish Police Jury. The Avoyelles
Parish Police Jury shall, within ten days of the receipt of such monies, distribute all such
funds to the governing authority of the political subdivisions of Avoyelles Parish as
determined by the Gaming Revenue Distribution Committee created by the parish governing
authority.
D. The Gaming Revenue Distribution Committee shall meet annually prior to
October first each year to determine the proportion of funds to be distributed to each political
subdivision of the parish. The Avoyelles Parish Mayors Association shall develop a formula
for the distribution of the revenues allocated for the municipalities in the parish.

Louisiana § 33:3005 (Avoyelles Parish Local Government Gaming Mitigation Fund; allocation and use of) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.