House Bill No. [insert number] amends R.S. 47:322.9(B) to modify the allocation of funds in the East Baton Rouge Parish Enhancement Fund. The bill stipulates that $100,000 of the fund will be designated annually for urban mass transit purposes in East Baton Rouge Parish, ensuring that these funds cannot be used to replace or displace existing appropriations for this purpose. Additionally, the bill reallocates another $100,000 from the fund, which was previously designated for the Baton Rouge Sports Foundation, to be used by Visit Baton Rouge to promote athletic activities, facilities, and sporting events aimed at attracting visitors to the parish. The remaining funds in the enhancement fund will continue to be available for the Riverside Centroplex Arena and Exhibition Center.

The bill also clarifies that any unexpended and unencumbered funds at the end of the fiscal year will remain in the enhancement fund, and the treasurer will invest these funds similarly to the state general fund, with all interest earned being deposited into the state general fund. The act will take effect upon the governor's signature or, if not signed, after the designated period for bills to become law without signature. If vetoed and later approved by the legislature, the act will become effective the day after such approval.

Statutes affected:
HB226 Original: 47:9(B)
HB226 Engrossed: 47:9(B)
HB226 Enrolled: 47:9(B)
HB226 Act : 47:9(B)