La. R.S. 47:332.14 — Disposition of certain collections in Tangipahoa Parish

The avails of the tax imposed by R.S. 47:331 from the sales of services as defined in
R.S. 47:301.3(1) in Tangipahoa Parish under R.S. 47:331(C) and 332, as applicable, 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 the Tangipahoa Parish Economic Development Fund as
provided in and subject to R.S. 47:322.5.