§ 47:302.9 — Disposition of certain collections in Morehouse Parish

Louisiana § 47:302.9

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§302.9. Disposition of certain collections in Morehouse 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 Morehouse Parish 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
"Morehouse Parish Visitor Enterprise Fund".
B. The monies in the Morehouse Parish Visitor Enterprise Fund shall be subject to
annual appropriations by the legislature. All unexpended and unencumbered 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. The money in the
fund received from Morehouse Parish shall be allocated to the Morehouse Economic
Development Corporation to be used for tourism purposes, including the promotion of fairs
and festivals in Morehouse Parish, and for economic development purposes in Morehouse
Parish.

Legislative History

Acts 1992, No. 983, §1, eff. for taxable periods on or after July 1, 1993; Acts 2025, No. 384, §8(B), eff. June 20, 2025.