§ 47:332.10 — Disposition of certain collections in Orleans Parish

Louisiana § 47:332.10

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§332.10. Disposition of certain collections in Orleans Parish
A. The avails of the tax imposed by R.S. 47:331 from the sale of services as defined
in R.S. 47:301.3(1) in Orleans Parish, under the provisions of R.S. 47:331(C) and 332 in
each fiscal year 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 "New Orleans Metropolitan Convention and
Visitors Bureau Fund".
B. The monies in the New Orleans Metropolitan Convention and Visitors Bureau
Fund shall be appropriated each fiscal year by the legislature. The monies in the fund shall
be appropriated to the New Orleans Metropolitan Convention and Visitors Bureau. All
unexpended and unencumbered monies in the fund 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 fund.

Legislative History

Acts 1995, No. 193, §4, eff. July 1, 1995; Acts 2011, 1st Ex. Sess., No. 42, §1; Acts 2025, No. 384, §8(B), eff. June 20, 2025.