§ 47:302.13 — Disposition of certain collections in Iberia Parish

Louisiana § 47:302.13

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.13. Disposition of certain collections in Iberia Parish
A. The avails of the tax imposed by this Chapter and by Chapters 2-A and 2-B of
this Subtitle from the sale of services as defined in R.S. 47:301.3(1) in Iberia Parish shall
be credited to the Bond Security and Redemption Fund and after a sufficient amount is
allocated from that fund to pay all the obligations secured by the full faith and credit of the
state which become due and payable within any fiscal year, the treasurer shall pay the
remainder of such funds into a special fund which is hereby created in the state treasury and
designated as the "Iberia Parish Tourist Commission Fund".
B. The monies in the Iberia Parish Tourist Commission Fund shall be subject to
annual appropriation by the legislature. All unexpended and unencumbered monies in the
fund shall be invested by the treasurer in the same manner as the monies in the state general
fund, and all interest earned shall be deposited into the state general fund. The monies in the
Iberia Parish Tourist Commission Fund shall be allocated to the Iberia Parish Tourist
Commission to be used for tourism development purposes.

Legislative History

Acts 1993, No. 472, §1, eff. July 1, 1993; Acts 2000, 2d Ex. Sess., No. 10, §1; Acts 2025, No. 384, §8(B), eff. June 20, 2025.