2011 Louisiana Laws
Revised Statutes
TITLE 47 — Revenue and taxation
RS 47:302.26 — Disposition of certain collections in st. tammany parish

§302.26. Disposition of certain collections in St. Tammany 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 St. Tammany Parish under this Chapter 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 "St. Tammany Parish Fund".

B. The monies in the St. Tammany Parish Fund shall be subject to annual appropriations by the legislature. The monies in the fund shall be available exclusively for use by the St. Tammany Parish Tourist Commission and the St. Tammany Parish Economic and Industrial Development District, as provided in this Section. 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 state general fund.

C. Monies in the fund shall be subject to annual appropriation by the legislature and shall be allocated as follows:

(1) St. Tammany Parish Tourist Commission, eighty-five percent.

(2) St. Tammany Parish Economic and Industrial Development District, fifteen percent.

D.(1) Twenty-five percent of the fund, from the portion allocated to the St. Tammany Parish Tourist Commission, shall be subject to the restrictions and used solely for the purposes as provided in Paragraph (2) of this Subsection.

(2)(a) The money deposited in the fund for Fiscal Years 1997-1998 and 1998-1999 shall be appropriated to the St. Tammany Parish Tourist Commission and shall be held by such commission in its treasury as a special restricted account. The money in such account may be invested in the same manner as other funds of the commission, but otherwise shall not be used before July 1, 1999. After that date, the money may be used by the commission for the purposes provided for in Subparagraph (b) of this Paragraph. However, nothing in this Item shall prohibit the Northshore Harbor Center District and the St. Tammany Events Center District, established pursuant to R.S. 33:4575 through 4575.6 and R.S. 33:4579 through 4579.5, from requesting funds, not to exceed fifty thousand dollars for each district, to be used for research, development, marketing, and feasibility studies. All monies requested shall be approved by, and at the sole discretion of, the St. Tammany Parish Tourist Commission.

(b) Beginning July 1, 1999, the money in the special restricted account shall be used for performing arts and/or convention centers within St. Tammany Parish, including use for capital improvements related to the construction, maintenance, and operation of such centers.

(c) Beginning in Fiscal Year 2004-2005, and in each fiscal year thereafter, monies may be appropriated from the St. Tammany Parish Fund for support of performing arts and/or convention centers within St. Tammany Parish, including use for capital improvements related to the construction, maintenance, and operation of such centers. Appropriations shall be allocated as follows:

(i) Twenty percent of the total appropriation shall be allocated to the St. Tammany Parish Tourist Commission.

(ii) Forty percent of the total appropriation shall be allocated to the Northshore Harbor Center District.

(iii) Forty percent of the total appropriation shall be allocated to Recreation District No. 1 of St. Tammany Parish; however, in any fiscal year in which bonds are issued for purposes of the St. Tammany Events Center District, and for each fiscal year thereafter, this forty percent allocation will be divided equally between Recreation District No. 1 and the St. Tammany Events Center District.

Acts 1995, No. 939, §1, eff. July 1, 1995; Acts 1999, No. 1380, §1, eff. July 1, 1999; Acts 2006, No. 658, §1, eff. July 1, 2006.