§ 47:302.3 — Disposition of certain collections in the city of Bossier City

Louisiana § 47:302.3

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.3. Disposition of certain collections in the city of Bossier City
A. The avails of the tax imposed by this Chapter from the sale of services as defined
in R.S. 47:301.3(1) in the city of Bossier City under the provisions of this Chapter 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 "Bossier City Riverfront and Civic Center Fund".
B. The monies in the Bossier City Riverfront and Civic Center Fund shall be subject
to annual appropriation by the legislature. The monies in the fund shall be available
exclusively for riverfront and downtown development and for the operation and maintenance
of the civic center and a multipurpose arena in the city of Bossier City. 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.
{{NOTE: SEE ACTS 1992, NO. 957, §2 AND R.S. 47:332.7.}}

Legislative History

Acts 1992, No. 957, §1, eff. July 1, 1992; Acts 2001, No. 115, §2, eff. July 1, 2001; Acts 2025, No. 384, §8(B), eff. June 20, 2025.