La. R.S. 47:302.10 — Disposition of certain collections in Natchitoches Parish

A. The avails of the tax imposed by this Chapter from the sale of services as defined
in R.S. 47:301.3(1) in Natchitoches Parish under the provisions of 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 deposit the remainder of
such funds as provided in Subsections B and C of this Section.
B. Fifty percent of the avails of the tax as provided in Subsection A shall be
deposited into a special fund which is hereby created in the state treasury and designated as
the "Natchitoches Parish Visitor Enterprise Fund". The monies in the "Natchitoches Parish
Visitor Enterprise Fund" shall be subject to annual appropriation by the legislature. 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. Monies
in the fund shall be available for use by the Natchitoches Parish Tourism Commission to be
used for tourism development purposes.
C. Fifty percent of the avails of the tax as provided for in Subsection A of this
Section shall be deposited into a special fund which is hereby created in the state treasury and
designated as the "Natchitoches Historic District Development Fund". The monies in the
Natchitoches Historic District Development Fund shall be subject to annual appropriation
by the legislature. 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. Monies in the fund shall be available exclusively for use by the Natchitoches
Historic District Development Commission, hereinafter "commission", which is created by
R.S. 25:791. Such monies shall be used solely by the commission for the planning and
development of the Natchitoches Historic District in the downtown area of the city of
Natchitoches, as provided in R.S. 25:791, and for the administration and operation of the
commission.
Acts 1993, No. 407, §1, eff. for taxable periods beginning on or after July 1, 1993;
Acts 1998, 1st Ex. Sess., No. 154, §2, eff. July 1, 1998; Acts 2025, No. 384, §8(B), eff. June
20, 2025.