§ 47:302.43 — Disposition of certain collections in Union Parish

Louisiana § 47:302.43

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.43. Disposition of certain collections in Union Parish
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 Union 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 the remainder of such
funds into a special fund which is hereby created in the state treasury and designated as the
"Union Parish Visitor Enterprise Fund".
B. The monies in the Union Parish Visitor Enterprise Fund shall be subject to annual
appropriation by the legislature. The monies in the fund shall be available exclusively for
use by the Union Parish Tourist Commission for the purpose of promoting and enhancing
tourism activities, and for supporting all other activities consistent with the authorized
mission of such commission. 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 into the state general fund.

Legislative History

Acts 1997, No. 368, §1, eff. July 1, 1997; Acts 2025, No. 384, §8(B), eff. June 20, 2025.