§ 47:302.15 — Disposition of certain collections in Webster Parish

Louisiana § 47:302.15

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.15. Disposition of certain collections in Webster Parish
A. The avails of the tax imposed by this Chapter for the sale of services as defined
in R.S. 47:301.3(1) in Webster Parish under the provisions of R.S. 47:302(C) in each fiscal
year 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 "Webster Parish Convention and Visitors Commission Fund".
B. The monies in the Webster Parish Convention and Visitors Commission Fund
shall be appropriated each fiscal year by the legislature. The monies in the fund shall be
available to the Webster Parish Convention and Visitors Commission to fund the
development of tourism and other economic growth projects within the parish of Webster.
All unexpended and unencumbered monies in the fund shall remain in the fund. The 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 fund.

Legislative History

Acts 1995, No. 193, §2, eff. July 1, 1995; Acts 2009, No. 505, §1, eff. June 30, 2009; Acts 2025, No. 384, §8(B), eff. June 20, 2025.