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Terms Used In Louisiana Revised Statutes 25:899

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.

A.  The logo shall be a design used as a hallmark on any approved juried Louisiana native craft signifying quality.  

B.  The Louisiana State Arts Council shall allocate to itself an amount not to exceed five thousand dollars, plus administrative expenses not to exceed fifteen percent, in Fiscal Year 1986-87 for a juried logo competition.  The council, with the advice of the crafts panel, shall select the design from among competitors for the exclusive use of the Louisiana State Arts Council and shall award the winner the cash award upon the assigned agreement that the design, and any derivative thereof, is solely, exclusively, and perpetually the property of the state of Louisiana under the control and auspices of the council.  

C.  The council shall register the logo as a trademark.  

D.  The council may, but no more frequently than every five years, conduct another competition for a new logo, which shall be conducted as provided in this Section.  

E.  Participation in the competition shall be limited to residents of Louisiana.  

Acts 1986, No. 588, §1.  

{{NOTE:  SEE ACTS 1986, NO. 588, §4, REGARDING EFFECTIVENESS.}}