HLS 12RS-950 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 245
BY REPRESENTATIVE HARRISON
FISHING: Removes the sunset date for deposits from the Fishermen's Gear Compensation
Fund to the Underwater Obstruction Fund
AN ACT1
To amend and reenact R.S. 56:700.2(A)(4) and to repeal R.S. 30:101.11, relative to the2
Underwater Obstruction Removal Fund and the Fishermen's Gear Compensation3
Fund; to remove the termination date for deposits from the Fishermen's Gear4
Compensation Fund to the Underwater Obstruction Fund; to remove the termination5
date from the Underwater Obstruction Removal Fund; and to provide for related6
matters.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 56:700.2(A)(4) is hereby amended and reenacted to read as follows:9
ยง700.2. Establishment, continuance, and purposes of fund; geographical coverage;10
assessments11
A. There is hereby established in the state treasury a Fishermen's Gear12
Compensation Fund into which amounts paid pursuant to this Section shall be13
deposited. The fund shall be available to the secretary only for the following14
purposes:15
* * *16
(4) On July 1, 2001 and on each July first thereafter and ending after June17
30, 2012, the The state treasurer shall annually deposit annually, the amount of two18
hundred fifty thousand dollars into the Underwater Obstruction Removal Fund as19 HLS 12RS-950 ORIGINAL
HB NO. 245
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
provided in R.S. 30:101.9. The department shall seek to match these funds with1
whatever federal or state funds may be available for such purposes.2
* * *3
Section 2. R.S. 30:101.11 is hereby repealed in its entirety.4
Section 3. This Act shall become effective upon signature by the governor or, if not5
signed by the governor, upon expiration of the time for bills to become law without signature6
by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If7
vetoed by the governor and subsequently approved by the legislature, this Act shall become8
effective on the day following such approval.9
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Harrison HB No. 245
Abstract: Removes the termination date for deposits from the Fishermen's Gear
Compensation Fund to the Underwater Obstruction Removal Fund and removes the
termination date for the Underwater Obstruction Removal Fund.
Present law establishes the Fishermen's Gear Compensation Fund to provide for
compensation to commercial fishermen whose fishing gear is damaged as a result of
shagging underwater obstructions when the owner of such obstruction cannot be determined.
Present law further establishes the Underwater Obstruction Removal Fund to provide funds
to locate and remove underwater obstructions when the owner of such obstruction cannot
be determined.
Present law, until June 30, 2012, further provides for an annual transfer of $250,000 from
the Fisherman's Gear Compensation Fund into the Underwater Obstruction Removal Fund.
Proposed law removes the termination date for the transfer of funds from the Fishermen's
Gear Compensation Fund into the Underwater Obstruction Removal Fund.
Proposed law further removes the termination date for the Underwater Obstruction Removal
Fund.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 56:700.2(A)(4); Repeals R.S. 30:101.11)