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Regular Session, 2010
SENATE BILL NO. 565
BY SENATOR JACKSON
FUNDS/FUNDING. Provides relative to the purposes of certain collections in the city of
Shreveport. (7/1/10)
AN ACT1
To amend and reenact R.S. 47:302.2(A), (B), and (C)(1)(a), (d), and (f)(i) and (ii) and 332.6,2
relative to certain collections in the city of Shreveport; to provide for the use of3
monies in the Shreveport Riverfront and Convention Center and Independence4
Stadium Fund; to correct the names of certain entities receiving allocations from the5
fund; to provide for an effective date; and to provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 47:302.2(A), (B), and (C)(1)(a), (d), and (f)(i) and (ii) and 332.6 are8
hereby amended and reenacted to read as follows:9
§302.2. Disposition of certain collections in the city of Shreveport 10
A. The avails of the tax imposed by this Chapter from the sale of services as11
defined in R.S. 47:301(14)(a) in the city of Shreveport under the provisions of this12
Chapter shall be credited to the Bond Security and Redemption Fund, and after a13
sufficient amount is allocated from that fund to pay all the obligations secured by the14
full faith and credit of the state which become due and payable within any fiscal15
year, the treasurer shall pay the remainder of such funds into a special fund which16
is hereby created in the state treasury and designated as the "Shreveport Riverfront17 SB NO. 565
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and Convention Center and Independence Stadium Fund", hereinafter referred to1
as "the fund".2
B. The monies in the Shreveport Riverfront and Convention Center and3
Independence Stadium Fund shall be subject to annual appropriation by the4
legislature. The monies in the fund shall be available solely and exclusively for the5
purposes provided in Subsection C of this Section. All unexpended and6
unencumbered monies in the fund shall remain in the fund. The monies in the fund7
shall be invested by the treasurer in the same manner as the monies in the state8
general fund, and all interest earned shall be deposited into the state general fund.9
C. Subject to an annual appropriation by the legislature, monies in the fund10
shall be used as follows:11
(1) For allocation from all monies in the fund in the following amounts:12
(a) Three percent to the African-American Theater of the Performing Arts13
Theatre of Performing Arts of Shreveport.14
* * *15
(d) One and one-third percent for Ark-La-Tex Antique and Classic16
Vehicle/Shreveport Firefighters Museum Shreveport Regional Sports Authority,17
Inc.18
* * *19
(f) Three percent for the following:20
(i) One percent for the New Dimensions Choral Society New Arts Cultural21
Society, Inc.22
(ii) One percent for Pamoja Art Society.23
* * *24
§332.6. Disposition of certain collections in the city of Shreveport25
A. The avails of the tax imposed by R.S. 47:302, one-half of the avails of the26
tax imposed by R.S. 47:321, and the avails of the tax imposed by R.S. 47:331 from27
the sales of services as defined in R.S. 47:301(14)(a) in the city of Shreveport under28
the provisions of R.S. 47:302(C), 321(C), 322, 331(C), and 332, as applicable, shall29 SB NO. 565
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be credited to the Bond Security and Redemption Fund, and after a sufficient amount1
is allocated from that fund to pay all the obligations secured by the full faith and2
credit of the state which become due and payable within any fiscal year, the treasurer3
shall pay the remainder of such funds into a special fund which is hereby created in4
the state treasury and designated as the "Shreveport Riverfront and Convention5
Center and Independence Stadium Fund" , hereinafter known as "the fund".6
B. The monies in the Shreveport Riverfront and Convention Center and7
Independence Stadium Fund shall be subject to an annual appropriation by the8
legislature. The monies in the fund shall be available solely and exclusively for the9
purposes provided in R.S. 47:302.2(C). However, forty thousand dollars of the10
monies deposited in the fund shall be allocated annually to Pamoja Art Society for11
African-American cultural activities in Shreveport and ten thousand dollars of the12
monies deposited in the fund shall be allocated annually to the Friends of Rho13
Omega Rho Omega and Friends, Inc., for the Good Time Rho Festival. All14
unexpended and unencumbered monies in the fund shall remain in the fund. The15
monies in the fund shall be invested by the treasurer in the same manner as the16
monies in the state general fund, and all interest earned shall be deposited in the state17
general fund.18
Section 2. This Act shall become effective on July 1, 2010; if vetoed by the governor19
and subsequently approved by the legislature, this Act shall become effective on July 1,20
2010, or on the day following such approval by the legislature, whichever is later.21
The original instrument was prepared by Jay Lueckel. The following digest,
which does not constitute a part of the legislative instrument, was prepared
by Nancy Vicknair.
DIGEST
Jackson (SB 565)
Present law creates the Shreveport Riverfront and Convention Center and Independence
Stadium Fund as a special fund in the state treasury and provides for the deposit into the
fund of certain state sales tax proceeds derived from hotel/motel room rentals within the city
of Shreveport.
Present law provides for investing the monies in the fund and provides for the use of the
monies in the fund pursuant to an annual appropriation by the legislature. SB NO. 565
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Proposed law retains present law and clarifies that the monies shall be used solely and
exclusively for such purposes. Proposed law updates allocation entities for agencies
currently in existence and corrects errors to names of existing organizations.
Effective July 1, 2010.
(Amends R.S. 47:302.2(A), (B), and (C)(1)(a), (d) and (f)(i) and (ii) and 332.6)
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Local and Municipal
Affairs to the original bill.
1. Makes changes to the designations of entities receiving dispositions of
certain collections in the city of Shreveport.
Senate Floor Amendments to engrossed bill.
1. Makes technical changes.