SUBPART X. FISCAL YEAR 2022-2023 LOUISIANA TOURISM REVIVAL FUND

§100.191. Fiscal Year 2022-2023 Louisiana Tourism Revival Fund

            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 R.S. 39:100.55.

            Acts 2022, No. 167, §4, eff. May 30, 2022.