§ 47:302.19 — Disposition of certain collections in Lafourche Parish

Louisiana § 47:302.19

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.19. Disposition of certain collections in Lafourche Parish
A. The avails of the tax imposed by this Chapter from the sales of services as defined
in R.S. 47:301.3(1) in Lafourche Parish under the provisions of R.S. 47:302(C) shall be
credited to the Bond Security and Redemption Fund, and after a sufficient amount is
allocated from that fund to pay all 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 "Lafourche Parish Enterprise Fund".
B. The monies in the Lafourche Parish Enterprise Fund shall be subject to an annual
appropriation by the legislature. The monies in the fund shall be available to the Lafourche
Parish Tourist Commission to fund the development of tourism and other economic growth
projects within the parish of Lafourche. 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 state general fund.

Legislative History

Acts 1995, No. 761, §1, eff. July 1, 1995; Acts 2025, No. 384, §8(B), eff. June 20, 2025.