La. R.S. 47:322.33 — Disposition of certain collections in Lincoln Parish

A. The avails of the tax imposed by R.S. 47:321 from the sales of services as defined
in R.S. 47:301.3(1) in Lincoln Parish under the provisions of R.S. 47:321(C) and 322 shall
be credited to the Bond Security and Redemption Fund, and after a sufficient amount is
allocated from that fund to pay all of 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 monies into a special fund which is hereby created in the state treasury and
designated as the "Lincoln Parish Municipalities Fund".
B. The monies in the Lincoln Parish Municipalities Fund shall be subject to annual
appropriation 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 in the state general fund. The monies in the fund shall
be allocated to the municipalities of Choudrant, Dubach, Simsboro, Grambling, Ruston, and
Vienna, which allocation shall be proportionate and shall be based on the population of each
municipality to the total population for all such municipalities. Monies allocated under this
Section shall be used solely for infrastructure enhancements which support economic
development or tourism. Municipalities allocated monies from this fund may combine their
monies to achieve local, parish, or regional infrastructure enhancements which support
economic development or tourism.
Acts 1997, No. 651, §1, eff. July 1, 1997; Acts 2008, No. 267, §1; Acts 2025, No.
384, §8(B), eff. June 20, 2025.