Louisiana § 47:322.35 Disposition of certain collections in LaSalle Parish

Louisiana Statutes

§ 47:322.35 — Disposition of certain collections in LaSalle Parish

Louisiana § 47:322.35

Title 47Revenue and Taxation

This text of Louisiana § 47:322.35 (Disposition of certain collections in LaSalle Parish) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 47:322.35 (2026).

Text

§322.35. Disposition of certain collections in LaSalle Parish

A.The avails of the tax imposed by this Chapter from the sales of services as defined by R.S. 47:301.3(1) in LaSalle Parish under the provisions of R.S. 47:321(C) and 322 shall be credited to the Bond Security and Redemption Fund, and after a sufficient amount is allocated from that fund to pay all of 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 "LaSalle Economic Development District Fund".

B.The monies in the LaSalle Economic Development District Fund shall be subject to an annual appropriation by the legislature. S

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§322.35. Disposition of certain collections in LaSalle Parish
A. The avails of the tax imposed by this Chapter from the sales of services as defined
by R.S. 47:301.3(1) in LaSalle Parish under the provisions of R.S. 47:321(C) and 322 shall
be credited to the Bond Security and Redemption Fund, and after a sufficient amount is
allocated from that fund to pay all of 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 "LaSalle Economic Development District Fund".
B. The monies in the LaSalle Economic Development District Fund shall be subject
to an annual appropriation by the legislature. Sixty-seven and one-half percent of the monies
in the fund shall be utilized exclusively for purposes of the LaSalle Economic Development
District. Twenty-two and one-half percent of the monies in the fund shall be utilized
exclusively for the LaSalle Parish Museum. Ten percent of the monies in the fund shall be
utilized exclusively for purposes of the Centennial Cultural Center. 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 1997, No. 799, §1, eff. July 1, 1997; Acts 1999, No. 381, §1, eff. July 1, 1999; Acts 2001, No. 986, §1, eff. July 1, 2001; Acts 2025, No. 384, §8(B), eff. June 20, 2025.