Louisiana 2023 2023 Regular Session

Louisiana Senate Bill SB101 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Tracy Sabina Sudduth.
DIGEST
SB 101 Original	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 used only for planning, development, and
capital improvements at or adjacent to the Cajundome. 
Effective July 1, 2023.
(Amends R.S. 47:302.18(B))