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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. 724
BY SENATOR N. GAUTREAUX
AN ACT1
To amend and reenact R.S. 41:642(A)(2), relative to sixteenth section and school board2
indemnity lands; to provide for revenues generated by certain sixteenth section and3
school board indemnity lands; to provide terms and conditions; and to provide for4
related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 41:642(A)(2) is hereby amended and reenacted to read as follows:7
ยง642. Sixteenth section lands; erosion; title and revenues8
A.(1) * * *9
(2)(a) In the event any such eroded or subsided lands are covered by an10
existing oil and gas lease or other contract granted by the state in its sovereign11
capacity, all proceeds from production and other revenues, generated after July 1,12
2007, and attributable to the eroded lands, shall be credited to the account of the13
current school fund of the parish having an interest in the sixteenth section or14
indemnity lands.15
(b) Not withstanding the provisions of Subparagraph (a) of this16
Paragraph, in the event sixteenth section lands are comprised entirely of state-17
owned water bottoms and no school indemnity lands were provided for such18
sixteenth section lands, all proceeds received by the state from production and19
other revenues generated after July 1, 2007, from any oil and gas lease or other20
contract granted by the state in its sovereign capacity attributable to the21
sixteenth section lands shall be credited, subject to an appropriation specifically22
for proceeds attributable to Fiscal Years 2007-2008, 2008-2009, and 2009-2010,23
to the account of the school fund of the parish in which such sixteenth section24
ACT No. 971 SB NO. 724 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
lands are located. Beginning in Fiscal Year 2010-2011 and thereafter, such1
proceeds shall be credited to the account of the current school fund of the parish2
in which such sixteenth section lands are located. The secretary of the3
Department of Natural Resources shall certify to the treasurer the amount of4
proceeds to be credited pursuant to this Subparagraph.5
* * *6
Section 2. The provisions of this Act shall be applied retroactively to July 1, 2007.7
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: