HLS 13RS-927 ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2013
HOUSE BILL NO. 413
BY REPRESENTATIVE REYNOLDS
MINERALS/RIGHTS-ROYALTY: Dedicates a certain 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; to provide legislative oversight; and to provide for related5
matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 56:10.2 is hereby enacted to read as follows:8
ยง10.2. Lake Bistineau Management Account; dedication of mineral activity9
revenues10
A. Notwithstanding any other provision of law to the contrary, after11
allocation of monies to the Bond Security and Redemption Fund as provided in12
Article VII, Section 9(B) of the Constitution of Louisiana, and after satisfying the13
required allocations in Article VII, Sections 4, 10-A, and 10.2 of the Constitution of14
Louisiana, an amount equal to ten percent of the revenues, but not to exceed a total15
of one hundred thousand dollars in any one year, received from leases, bonuses,16
royalties, rights-of-way, and other sums payable to the state as lessor of mineral17
leases and grantor of rights-of-way as required pursuant to R.S. 30:136(B) and18
136.1(A) and (B), on state waterbottoms of Lake Bistineau, specifically excluding19 HLS 13RS-927 ORIGINAL
HB NO. 413
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
any waterbottoms located in Loggy Bayou Wildlife Management Area, shall be1
deposited by the treasurer into the Lake Bistineau Management Account in the2
Conservation Fund, hereinafter referred to as the "account", which is hereby created3
as a special account in the Conservation Fund. The monies in the account shall be4
invested by the treasurer in the manner provided by law, and interest earned on the5
investment of those monies shall be deposited in and credited to the account. All6
unexpended or unencumbered monies remaining in the account at the end of the7
fiscal year shall remain in the account.8
B. The monies in the account shall be appropriated each year by the9
legislature for use exclusively by the Department of Wildlife and Fisheries for10
operations, management, and improvements to Lake Bistineau. Each year's plan for11
the expenditure of monies appropriated from the account shall be subject to the12
approval of the House Committee on Natural Resources and Environment and the13
Senate Committee on Natural Resources.14
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. 413
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)