Section 39:100.112 - [See Note] Revenue Stabilization FundA. There is hereby established in the state treasury a special fund, the Revenue Stabilization Fund, hereinafter referred to as the "fund".B. Monies in the fund shall be used only for the following purposes:(1) In accordance with Article VII, Section 37 of the Constitution of Louisiana and R.S. 47:1703(B), a one-time payment shall be made to each parish that elects to irrevocably exempt business inventory from ad valorem tax prior to July 1, 2026. The payment shall be made by the treasurer to the ad valorem tax collector within thirty days of receipt of a certification from the secretary of the Department of Revenue that the parish has irrevocably elected to exempt business inventory from ad valorem tax.(2) In any fiscal year in which the revenues received from corporation income and franchise tax collections, as recognized by the Revenue Estimating Conference, fall below eight hundred million dollars, the legislature may appropriate an amount not to exceed the difference between actual corporation income and franchise tax collections and eight hundred million from the Revenue Stabilization Fund.C. Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund. Acts 2016, No. 639, §1, special eff. date.Amended by Acts 2024EX3, No. 13,s. 4, eff. 7/1/2025, if and when the proposed amendment of Article VII of the Constitution of Louisiana contained in the Act which originated as House Bill No. 7 of this 2024 Third Extraordinary Session of the Legislature is adopted at a statewide election and becomes effective..Amended by Acts 2024, No. 723,s. 3, eff. 6/19/2024.Added by Acts 2016, No. 639,s. 1, eff. 6/17/2016.This section is set out more than once due to postponed, multiple, or conflicting amendments.