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Rs 47:302.55 Disposition Of Certain Collections In Grant Parish

§302.55. Disposition of certain collections in Grant Parish

A. The avails of the tax imposed by this Chapter from the sale of services as defined

in R.S. 47:301(14)(a) in Grant Parish under the provisions of R.S. 47:302(C) 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 "Grant Parish Economic Development Fund".

B. The monies in the Grant Parish Economic Development Fund shall be subject to

an annual appropriation by the legislature. 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.

C. Monies appropriated from the fund shall be available for use by the Grant Parish

Police Jury for promoting tourism in Grant Parish.

Acts 2015, No. 39, §1, eff. July 1, 2015.

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Local Government
Louisiana
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John Bel Edwards
John Bel Edwards
January 11, 2016 -
Democratic
1-225-342-4404
900 North 3rd Street, Baton Rouge, LA, 70802

Keywords
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