§302.45. Disposition of certain collections in Red River Parish
A. The avails of the tax imposed by this Chapter from the sales of services as defined
by R.S. 47:301.3(1) in Red River 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 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 funds into a special fund which is hereby created in the state treasury and
designated as the "Red River Visitor Enterprise Fund".
B. The monies in the Red River Visitor Enterprise Fund shall be subject to an annual
appropriation by the legislature. All unexpended and unencumbered monies remaining in
the fund at the end of the fiscal year 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 in the state general fund.
C.(1) Except as provided in Paragraph (2) of this Subsection and subject to an annual
appropriation by the legislature, the monies in the fund shall be utilized for tourism
development and any other purpose as may be provided by law.
(2) All monies deposited into the fund in accordance with the provisions of R.S.
47:322.40 shall be used by the Coushatta/Red River Chamber of Commerce exclusively for
tourism development.
Acts 1999, No. 121, §1, eff. July 1, 1999; Acts 2025, No. 384, §8(B), eff. June 20,
2025.