SLS 23RS-296 ENGROSSED
2023 Regular Session
SENATE BILL NO. 101
BY SENATOR CORTEZ
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
FUNDS/FUNDING. Provides for the distribution of funds from the Lafayette Parish Visitor
Enterprise Fund. (7/1/23)
1 AN ACT
2 To amend and reenact R.S. 47:302.18(B), relative to disposition of certain collections in
3 Lafayette Parish; to provide for the use of monies in the fund; to provide for an
4 effective date; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 47:302.18(B) is hereby amended and reenacted to read as follows:
7 ยง302.18. Disposition of certain collections in Lafayette Parish
8 * * *
9 B. The monies in that fund deposited pursuant to this Section shall be subject
10 to annual appropriation by the legislature and shall be used for planning,
11 development, and capital improvements at or adjacent to the Cajundome site and
12 operating costs of the Cajundome. allocated equally for capital improvements for
13 Lafayette Central Park, Inc. and planning, development, and capital
14 improvements at or adjacent to the Cajundome as appropriated by the
15 legislature. For the purposes of this Section, "capital improvements" shall mean
16 expenditures for acquiring lands, buildings, equipment, or other permanent
17 properties, or for their construction, preservation, development, or permanent
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 101
SLS 23RS-296 ENGROSSED
1 improvement, or for payment of principal, interest, or premium, if any, and other
2 obligations incident to the issuance, security, and payment of bonds or other
3 evidences of indebtedness associated therewith.
The original instrument was prepared by Tracy Sabina Sudduth. The
following digest, which does not constitute a part of the legislative
instrument, was prepared by Mark Barnes.
DIGEST
SB 101 Engrossed 2023 Regular Session Cortez
Present law provides that the sales tax imposed in Lafayette Parish shall be credited to the
Bond Security and Redemption Fund and after all indebtedness has been paid the remainder
of the funds shall be allocated to the Lafayette Parish Visitor Enterprise Fund.
Present law provides the monies in the Lafayette Parish Visitor Enterprise Fund shall be
subject to annual appropriation by the legislature and provides for certain allocations.
Present law provides that monies in the fund shall be used for planning, development, and
capital improvements at or adjacent to the Cajundome and operating costs of the Cajundome.
Proposed law provides that monies in the fund shall be allocated equally for capital
improvements for Lafayette Central Park, Inc. and planning, development, and capital
improvements at or adjacent to the Cajundome as appropriated by the legislature.
Effective July 1, 2023.
(Amends R.S. 47:302.18(B))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original
bill
1. Adds that the annual appropriation shall be allocated equally for capital
improvements for Lafayette Central Park, Inc. and planning, development,
and capital improvements at or adjacent to the Cajundome as appropriated
by the legislature.
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.