(Constitutional Amendment) Requires that monies received by the state from violations of certain federal and state laws associated with the Deepwater Horizon oil spill shall be deposited into the Coastal Protection and Restoration Fund (RE SEE FISC NOTE SD RV See Note)
Impact
If implemented, the bill would affect the allocation of environmental violation revenues, ensuring that funds are used specifically for integrated coastal protection projects. This amendment would enhance the stability and resources available for such efforts, thereby potentially increasing the state's capability to manage ecological restoration and disaster preparedness initiatives in coastal areas impacted by the oil spill.
Summary
House Bill 812 proposes a constitutional amendment that mandates the deposit of state revenues received from violations of certain federal and state environmental laws, particularly in relation to the Deepwater Horizon oil spill, into the Coastal Protection and Restoration Fund. This fund is dedicated to supporting coastal protection efforts, including restoration and resilience initiatives, aimed at addressing the environmental impacts that resulted from the oil spill which occurred on April 20, 2010.
Sentiment
The sentiment around HB 812 appears to be largely positive among legislators, as evidenced by its unanimous approval in the House, where it passed with a vote of 96 to 0. Such overwhelming support indicates a consensus on the importance of enhancing environmental protections and improving the resilience of Louisiana's coastal ecosystems amid ongoing environmental challenges.
Contention
Despite its strong backing, notable points of contention may arise surrounding the specificity of the allocated funds. While many support the idea of directing resources for coastal restoration, concerns might be raised about the management of these funds or the implications this amendment could have on existing environmental revenue streams and related processes, such as the Natural Resources Damage Assessment.
(Constitutional Amendment) Requires that monies received by the state from violations of certain federal and state laws associated with the Deepwater Horizon oil spill be deposited into the Coastal Protection and Restoration Fund (RE1 SEE FISC NOTE SD RV See Note)
Requires that monies received from violations of certain federal and state laws associated with the Deepwater Horizon oil spill be deposited into the Coastal Protection and Restoration Fund (EN SEE FISC NOTE SD RV See Note)
(Constitutional Amendment) Requires that monies received by the state from violations of certain federal and state laws associated with the Deepwater Horizon oil spill shall be deposited into the Coastal Protection and Restoration Fund (EG NO IMPACT See Note)
(Constitutional Amendment) Dedicates to the Coastal Protection and Restoration Fund the Deepwater Horizon oil spill penalty monies received by the state under the RESTORE Act (OR NO IMPACT See Note)
Provides for deposits of monies from certain settlement proceeds as a result of the Deepwater Horizon oil spill into the Budget Stabilization Fund and the Medicaid Trust Fund for the Elderly (EG DECREASE GF RV See Note)
(Constitutional Amendment) Prohibits certain transfers of monies through the Coastal Protection and Restoration Fund or the Budget Stabilization Fund (RR SEE FISC NOTE SD RV See Note)
Provides for deposits of monies from certain settlement proceeds as a result of the Deepwater Horizon oil spill into the Budget Stabilization Fund and the Medicaid Trust Fund for the Elderly. (7/1/14) (OR DECREASE GF RV See Note)
Requests the Coastal Protection and Restoration Authority and the Department of Wildlife and Fisheries to develop a proposal seeking Open Ocean TIG and RW TIG funds to monitor red snapper and other reef fish impacted by the Deepwater Horizon oil spill.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.
Proposes temporary constitutional amendment allowing State constitutional convention convened to reform system of property taxation to propose statutory changes.