La. R.S. 47:302.8 — Disposition of certain collections in Lincoln 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 Lincoln 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 pay the remainder of such
funds into a special fund which is hereby created in the state treasury and designated as the
"Lincoln Parish Visitor Enterprise Fund".
B. The monies in the Lincoln Parish Visitor Enterprise Fund shall be subject to
annual appropriations by the legislature. All unexpended and unencumbered 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. The money in the
fund received from Lincoln Parish shall be allocated to the Ruston-Lincoln Convention and
Visitors Bureau to be used for tourism purposes, including the promotion of fairs and
festivals in Lincoln Parish, and for economic development purposes in Lincoln Parish.
Acts 1992, No. 983, §1, eff. for taxable periods on or after July 1, 1993; Acts 2025,
No. 384, §8(B), eff. June 20, 2025.