HLS 12RS-225 ENGROSSED
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are additions.
Regular Session, 2012
HOUSE BILL NO. 347
BY REPRESENTATIVES REYNOLDS, HENRY BURNS, FANNIN, AND THOMPSON
AND SENATOR ADLEY
MINERALS/RIGHTS-ROYALTY: Dedicates an amount of mineral revenues from oil and
gas production in and around Lake Bistineau to the operation and management of the
lake
AN ACT1
To enact R.S. 56:10.2, relative to state mineral income from activity in and adjacent to Lake2
Bistineau; to dedicate a portion of such revenue to operations, management, and3
improvements to the lake; to create the Lake Bistineau Management Account in the4
Conservation Fund; and to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 56:10.2 is hereby enacted to read as follows:7
ยง10.2. Lake Bistineau Management Account; dedication of mineral activity8
revenues9
A. Notwithstanding any other provision of law to the contrary, after10
allocation of money to the Bond Security and Redemption Fund as provided in11
Article VII, Section 9(B) of the Constitution of Louisiana, and after satisfying the12
required allocations in Article VII, Sections 4, 10-A, and 10.2 of the Constitution of13
Louisiana, an amount equal to ten percent of the revenues, but not to exceed a total14
of one hundred thousand dollars in any one year, received from leases, bonuses,15
royalties, rights-of-way, and other sums payable to the state as lessor of mineral16
leases and grantor of rights-of-way as required pursuant to R.S. 30:136(B) and17
136.1(A) and (B), on state waterbottoms of Lake Bistineau, specifically excluding18
any waterbottoms located in Loggy Bayou Wildlife Management Area, shall be19 HLS 12RS-225 ENGROSSED
HB NO. 347
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deposited by the treasurer into the Lake Bistineau Management Account in the1
Conservation Fund, hereinafter referred to as the "account", which is hereby created2
as a special account in the Conservation Fund. The monies in the account shall be3
invested by the treasurer in the manner provided by law, and interest earned on the4
investment of those monies shall be deposited in and credited to the account. All5
unexpended or unencumbered monies remaining in the account at the end of the6
fiscal year shall remain in the account.7
B. The monies in the account shall be appropriated each year by the8
legislature for use exclusively by the Department of Wildlife and Fisheries for9
operations, management, and improvements to Lake Bistineau. Each year's plan for10
the expenditure of monies appropriated from the account shall be subject to the11
approval of the House Committee on Natural Resources and Environment and the12
Senate Committee on Natural Resources.13
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)]
Reynolds HB No. 347
Abstract: Dedicates 10% of the state's mineral income from activity on certain
waterbottoms of Lake Bistineau to operation, management, and improvements to the
lake.
Proposed law dedicates 10% of the state's leases, royalties, bonuses, and rights-of-way from
activity on waterbottoms of Lake Bistineau, except waterbottoms located in Loggy Bayou
Wildlife Management Area, not to exceed $100,000 in any one year, after constitutional
allocations, to operation, management, and improvements to the lake by the Dept. of
Wildlife and Fisheries. Creates the Lake Bistineau Management Account in the
Conservation Fund. Requires approval by the House Committee on Natural Resources and
Environment and the Senate Committee on Natural Resources each year of the department's
plan for expenditure of monies appropriated from the account.
(Adds R.S. 56:10.2)
Summary of Amendments Adopted by House
Committee Amendments Proposed by House Committee on Appropriations to the
original bill.
1. Changed the dedication provided for in proposed law from 20% to 10% and
added that such dedication shall not exceed $100,000 in any one year. HLS 12RS-225 ENGROSSED
HB NO. 347
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2. Changed the location from which revenues are received from state lands in and
adjacent to Lake Bistineau to waterbottoms of Lake Bistineau, except
waterbottoms located in Loggy Bayou Wildlife Management Area.