Louisiana Revised Statutes 39:100.54 – A. There is hereby created in the state treasury, as a special fund, the Louisiana Tourism Revival Fund, hereinafter referred to in this Section as the “fund”. The treasurer is hereb
Terms Used In Louisiana Revised Statutes 39:100.54
- Activity: means a distinct subset of functions or services within a program. See Louisiana Revised Statutes 39:2
- 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.
- Fund: means an independent fiscal and accounting entity with a self-balancing set of accounts recording cash or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with regulations, restrictions, and limitations. See Louisiana Revised Statutes 39:2
- Program: means a grouping of activities directed toward the accomplishment of a clearly defined objective or set of objectives. See Louisiana Revised Statutes 39:2
A. There is hereby created in the state treasury, as a special fund, the Louisiana Tourism Revival Fund, hereinafter referred to in this Section as the “fund”. The treasurer is hereby authorized and directed to transfer seventy-seven million five-hundred thousand dollars from the Louisiana Rescue Plan Fund into the fund.
B. All unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Monies in the fund shall be invested in the same manner as monies in the state general fund. Interest earned on the investment of monies in the fund shall be deposited in and credited to the fund.
C. Monies in the fund shall be utilized to support the efforts of state, local, and regional tourism entities to revive tourism in Louisiana by investing in programs focused on marketing and promoting Louisiana as a destination for in-state and out-of-state travel activity.
D. Monies in the fund shall be distributed as follows: sixty million dollars shall be used for the Louisiana Tourism Revival Program as provided for in La. Rev. Stat. 39:100.55, and seventeen million five-hundred thousand dollars shall be appropriated to the Department of Culture, Recreation and Tourism for the Marketing Program.
Acts 2021, No. 410, §1, eff. June 17, 2021.