Louisiana § 47:332.18 Disposition of certain collections in Iberville Parish

Louisiana Statutes

§ 47:332.18 — Disposition of certain collections in Iberville Parish

Louisiana § 47:332.18

Title 47Revenue and Taxation

This text of Louisiana § 47:332.18 (Disposition of certain collections in Iberville 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. § 47:332.18 (2026).

Text

§332.18. Disposition of certain collections in Iberville Parish

A.The avails of the tax imposed by R.S. 47:302, the avails of the tax imposed by R.S. 47:321, and the avails of the tax imposed by R.S. 47:331 from the sales of services as defined in R.S. 47:301.3(1) in the parish of Iberville under the provisions of R.S. 47:302(C), 321(C), 322, 331(C), and 332, as applicable, 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 "Iberville Parish Visitor Enterpri

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§332.18. Disposition of certain collections in Iberville Parish
A. The avails of the tax imposed by R.S. 47:302, the avails of the tax imposed by
R.S. 47:321, and the avails of the tax imposed by R.S. 47:331 from the sales of services as
defined in R.S. 47:301.3(1) in the parish of Iberville under the provisions of R.S. 47:302(C),
321(C), 322, 331(C), and 332, as applicable, 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 "Iberville Parish Visitor
Enterprise Fund".
B. The monies in the Iberville Parish Visitor Enterprise Fund shall be subject to an
annual appropriation by the legislature to the parish governing authority of Iberville Parish.
The monies in the fund shall be made available exclusively for economic development and
tourism purposes, planning, development, or capital improvements of tourism sites in the
parish of Iberville. 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 in the state
general fund.
C. For purposes of this Section, "capital improvements" shall mean expenditures for
acquiring lands, buildings, equipment, or other permanent properties, or for their
construction, preservation, development, or permanent improvement, or for payment of
principal, interest, or premium, if any, and other obligations incident to the issuance, security,
and payment of bonds or other evidences of indebtedness associated therewith.

Legislative History

Acts 1995, No. 1309, §1, eff. July 1, 1995; Acts 1997, No. 340, §1, eff. July 1, 1997; Acts 2012, No. 597, §3, eff. July 1, 2012; Acts 2025, No. 384, §8(B), eff. June 20, 2025.