Louisiana Revised Statutes 39:100.191 – A. There is hereby created in the state treasury as a special fund the Fiscal Year 2022-2023 Louisiana Tourism Revival Fund, hereinafter referred to in this Section as the “fund”. Th
Terms Used In Louisiana Revised Statutes 39:100.191
- 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
A. There is hereby created in the state treasury as a special fund the Fiscal Year 2022-2023 Louisiana Tourism Revival Fund, hereinafter referred to in this Section as the “fund”. The fund shall consist of any monies appropriated, allocated, or transferred to 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 provide grants to local and regional tourist commissions for marketing and promoting Louisiana as a tourism destination for in-state and out-of-state travel activity. In order to qualify to receive a grant award, the recipient shall be an official tourism commission, convention and visitors bureau, or official destination marketing organization.
D. Monies in the fund shall be administered by the division of administration in the same manner as provided for La. Rev. Stat. 39:100.55.
Acts 2022, No. 167, §4, eff. May 30, 2022.