Louisiana 2010 Regular Session

Louisiana Senate Bill SB184 Latest Draft

Bill / Chaptered Version

                            Page 1 of 1
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010	ENROLLED
SENATE BILL NO. 184
BY SENATOR N. GAUTREAUX 
AN ACT1
To enact R.S. 30:136(D), relative to the State Mineral and Energy Board; to provide relative2
to the disposition of certain funds payable to the state as the lessor of certain mineral3
leases; to provide for reimbursement of certain monies to the Mineral and Energy4
Operation Fund; to provide terms and conditions; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1.  R.S. 30:136(D) is hereby enacted to read as follows: 7
ยง136.  Funds, disposition and appropriation of; penalties8
*          *          *9
D. Of revenues received in each fiscal year by the state through10
judgments or settlements, even if a civil action is not commenced, resulting from11
underpayment to the state of severance taxes, royalty payments, bonus12
payments, rentals, shut-in payments or other sums payable to the state as lessor13
under the terms of a valid mineral lease, an amount equal to the actual costs14
expended from the Mineral and Energy Operation Fund and any attorney fees15
incurred shall be deposited into the Mineral and Energy Operation Fund.16
17
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:                         
ACT No. 773