§ 47:332.39 — Disposition of certain collections in Terrebonne Parish

Louisiana § 47:332.39

• Jurisdiction: Louisiana
• Title 47: Revenue and Taxation

Text

§332.39. Disposition of certain collections in Terrebonne Parish
A. The avails of the tax imposed by this Chapter from the sales of services as defined
in R.S. 47:301.3(1) in Terrebonne Parish under the provisions of R.S. 47:331(C) and 332
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 "Terrebonne Parish Visitor Enterprise Fund".
B. The monies in the Terrebonne Parish Visitor Enterprise Fund shall be subject to
annual appropriation by the legislature. The monies in the fund shall be available exclusively
for use by the Houma Area Convention and Visitors Bureau to fund the development of
tourism and other economic growth projects within the parish of Terrebonne. 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.

Legislative History

Acts 1997, No. 823, §1, eff. July 1, 1997; Acts 1999, No. 225, §2, eff. June 11, 1999; Acts 2025, No. 384, §8(B), eff. June 20, 2025.