Louisiana § 47:302.27 Disposition of certain collections in St. Martin Parish

Louisiana Statutes

§ 47:302.27 — Disposition of certain collections in St. Martin Parish

Louisiana § 47:302.27

Title 47Revenue and Taxation

This text of Louisiana § 47:302.27 (Disposition of certain collections in St. Martin Parish) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 47:302.27 (2026).

Text

§302.27. Disposition of certain collections in St. Martin Parish

A.The avails of the tax imposed by R.S. 47:302, 321, and 331 from the sales of services as defined in R.S. 47:301.3(1) in St. Martin Parish under the provisions of R.S. 47:302(C), 321(C), 322, 331(C), and 332, as applicable, 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 "St. Martin Parish Enterprise Fund".

B.The monies in the St. Martin Parish Enterprise Fund shall be subject to an annual

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§302.27. Disposition of certain collections in St. Martin Parish
A. The avails of the tax imposed by R.S. 47:302, 321, and 331 from the sales of
services as defined in R.S. 47:301.3(1) in St. Martin Parish under the provisions of R.S.
47:302(C), 321(C), 322, 331(C), and 332, as applicable, 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 "St. Martin
Parish Enterprise Fund".
B. The monies in the St. Martin Parish Enterprise Fund shall be subject to an annual
appropriation by the legislature. The monies in the fund shall be used by the St. Martin
Parish government for tourism and economic development purposes. 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. 1240, §1, eff. July 1, 1995; Acts 2001, No. 653, §1, eff. July 1, 2001; Acts 2012, No. 367, §1, eff. May 31, 2012; Acts 2025, No. 384, §8(B), eff. June 20, 2025.