La. R.S. 47:302.20 — Disposition of certain collections in Terrebonne 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 Terrebonne 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 "Houma/Terrebonne Tourist Fund".
B. The monies in the Houma/Terrebonne Tourist Fund shall be subject to an annual
appropriation by the legislature. In Fiscal Years 1995-1996, 1996-1997, and 1997-1998, the
monies in the fund shall be available to the Houma Area Convention and Visitors Bureau to
fund the development of tourism and other economic growth projects within the parish of
Terrebonne. Thereafter, fifty percent of the monies in the fund shall be available to the
Houma Area Convention and Visitors Bureau and fifty percent of the monies in the fund
shall be available to the Houma Downtown Development Corporation to fund the
development of tourism and other economic growth projects within the parish of Terrebonne.
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.
Acts 1995, No. 763, §1; Acts 1999, No. 225, §2, eff. June 11, 1999; Acts 2025, No.
384, §8(B), eff. June 20, 2025.