§ 47:302.55 — Disposition of certain collections in Grant Parish

Louisiana § 47:302.55

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.55. Disposition of certain collections in Grant 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 Grant 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
"Grant Parish Economic Development Fund".
B. The monies in the Grant Parish Economic Development Fund shall be subject to
an annual appropriation by the legislature. 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.
C. Monies appropriated from the fund shall be available for use by the Grant Parish
Police Jury for promoting tourism in Grant Parish.

Legislative History

Acts 2015, No. 39, §1, eff. July 1, 2015; Acts 2025, No. 384, §8(B), eff. June 20, 2025.