§302.37. Disposition of certain collections in Sabine 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 Sabine 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
"Sabine Parish Tourism Improvement Fund".
B. The monies in the Sabine Parish Tourism Improvement Fund shall be subject to
annual appropriation by the legislature. The monies in the fund shall be available exclusively
for use by the Sabine Parish Tourist and Recreation Commission for the purpose of
promoting and enhancing tourism activities, and for supporting all other activities consistent
with the authorized mission of such commission. 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 1997, No. 1289, §1, eff. July 1, 1997; Acts 2009, No. 331, §1, eff. July 1, 2009;
Acts 2025, No. 384, §8(B), eff. June 20, 2025.