Louisiana House Bill HB347

Louisiana 2012 Regular Session

• Introduced: 3/12/12
• Refer: 3/12/12
• Report Pass: 5/14/12
• Engrossed: 5/21/12

Caption

Dedicates an amount of mineral revenues from oil and gas production in and around Lake Bistineau to the operation and management of the lake (RE -$100,000 GF RV See Note)

Impact

This legislation has significant implications for state environmental policy and resource management. By creating a dedicated funding mechanism from mineral revenues, the bill ensures that a portion of the financial returns from natural resource exploitation directly supports ecological management efforts. This could lead to enhanced environmental conditions at Lake Bistineau and may serve as a model for similar funding initiatives for other state-managed water bodies. Additionally, the requirement for legislative approval of expenditure plans ensures that the funds are used efficiently and in line with community interests.

Summary

House Bill 347 aims to allocate a portion of the state's mineral revenues generated from oil and gas production on the waterbottoms of Lake Bistineau for the operation, management, and improvements of the lake itself. Specifically, the bill dedicates 10% of the revenues, up to a maximum of $100,000 per year, to establish the Lake Bistineau Management Account within the state’s Conservation Fund. The Department of Wildlife and Fisheries is tasked to manage and utilize this fund exclusively for the lake’s needs, thereby centralizing control over its improvements and maintenance.

Sentiment

The reception of HB 347 appears largely positive among stakeholders who see it as a proactive step towards environmental stewardship and sustainable resource management. Supporters argue that relying on mineral revenues provides a consistent funding source to address the lake’s operational needs. However, there may be underlying contention regarding the potential environmental impact of continued mineral extraction activities in sensitive areas, as well as concerns about the management effectiveness by state agencies.

Contention

Key points of contention revolve around the allocation limits and the focus on mineral extraction revenues, especially in the context of environmental conservation. Critics might question the appropriateness of linking funding for ecological management directly to revenue generated from activities that could adversely affect the environment. Discussions could address the balance between economic development through resource extraction and the necessity of preserving natural habitats. The legislation could spark debates on how to ensure that the lake's environmental integrity is maintained while benefiting from its mineral resources.