§ 47:302.30 — Disposition of certain collections in Rapides Parish

Louisiana § 47:302.30

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.30. Disposition of certain collections in Rapides 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 Rapides 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 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 fifty
percent of the remainder of such funds into a special fund which is hereby created in the state
treasury and designated as the "Rapides Parish Economic Development Fund", twenty-five
percent into a special fund which is hereby created in the state treasury and designated as the
"Alexandria/Pineville Area Tourism Fund" and twenty-five percent into a special fund which
is hereby created in the state treasury and designated as the "Pineville Economic
Development Fund".
B.(1) The monies in the Rapides Parish Economic Development Fund shall be
subject to an annual appropriation of the legislature. The monies in the fund shall be used
for economic development purposes in Rapides Parish by the city of Alexandria. All
unexpended and unencumbered monies remaining in the fund at the end of the fiscal year
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 in the state general fund.
(2) The monies in the Alexandria/Pineville Area Tourism Fund shall be subject to
an annual appropriation of the legislature. The monies in the fund shall be used for tourism
promotion in Rapides Parish by the Alexandria/Pineville Area Convention and Visitors
Bureau. All unexpended and unencumbered monies remaining in the fund at the end of the
fiscal year 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 in the state general fund.
(3) The monies in the Pineville Economic Development Fund shall be subject to
annual appropriation of the legislature. The monies in the fund shall be used for economic
development in the city of Pineville. All unexpended and unencumbered monies remaining
in the fund at the end of the fiscal year 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 in the state general fund.

Legislative History

Acts 1996, 1st Ex. Sess., No. 85, §1, eff. July 1, 1996; Acts 1997, No. 1289, §2, eff. July 1, 1997; Acts 2025, No. 384, §8(B), eff. June 20, 2025.