The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Jerry J. Guillot.
DIGEST
Present law (R.S. 47:322.21) creates the Livingston Parish Tourism and Economic Development
Fund as a special fund in the state treasury. Proceeds of the state sales and use tax on hotel and
motel occupancy in Livingston Parish are the source of monies in the fund. Monies in the fund
are subject to annual appropriation exclusively for the purposes of the Livingston Parish Tourist
Commission. Monies in the fund are invested by the treasurer as are those in the state general
fund and interest accrues to the state general fund. Unexpended and unencumbered monies in
the fund at the end of the fiscal year remain in the fund.
Present law (R.S. 47:302.41(B)) provides that the monies in the Livingston Parish Tourism and
Economic Development Fund shall be subject to annual appropriation and that 50% of the
monies in the fund shall be available exclusively for use by the Livingston Parish Tourist
Commission for the purposes of promoting and enhancing tourism activities, and for supporting
all other activities consistent with the authorized mission of such commission. Provides that the
remaining 50% shall be available exclusively for use by the Livingston Economic Development
Council for the purpose of acquisition, development, and promotion of industrial parks within
Livingston Parish.
Proposed law provides that, except as provided by present law, the avails of the tax imposed by
R.S. 47:321 and as defined by R.S. 47:301 in the Juban Crossing Economic Development
District within Livingston Parish, a special district created by Livingston Parish Ordinance No.
07-24 pursuant to Part II of Chapter 27 of Title 33 of the LRS, 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 established in the state treasury, and designated as the Juban Crossing Economic
Development District Fund.
Proposed law provides that the monies in the fund shall be subject to an annual appropriation by
the legislature and all unexpended and unencumbered monies in the fund at the end of the fiscal
year shall remain in the fund. Provides for investment of monies in the fund and that interest
earnings be credited to the fund.
Proposed law provides that the monies in the fund shall be used for the Juban Crossing
Economic Development District's infrastructure, including but not limited to costs of
construction, on-site and off-site preparation costs, public improvements which are essential to
the preparation for use in accordance with the district's development plans, and any other
improvements as provided by law for such projects.
Proposed law provides that monies in the fund may also be pledged to secure the repayment of bonds, notes, or other indebtedness issued by the district. Further provides that when such bonds
or other indebtedness is fully paid, deposits to the fund shall cease and the fund shall cease to
exist.
Proposed law limits the amount of the state's funding commitment to $45 million.
Proposed law requires the Dept. of Revenue to determine the amount of the avails of the tax and
report the amount to the state treasurer. As compensation for its obligations, the department may
collect an amount equal to one percent of the avails, not to exceed $10,000 in a fiscal year.
Effective July 1, 2013
(Adds R.S. 47:322.21.1)