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Prepared by Alan Miller.
Champagne HB No. 148
(KEYWORD, SUMMARY, AND DIGEST as amended by Senate committee
amendments)
FUNDS/FUNDING: (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
DIGEST
Present constitution establishes the Coastal Protection and Restoration Fund to provide a
dedicated, recurring source of revenues for the development and implementation of a
program to protect and restore La.'s coastal area.
Present constitution provides for allocations of mineral revenues into the fund and provided
that the balance in the fund which consists of mineral revenues from severance taxes, royalty
payments, bonus payments, and rentals shall not exceed an amount provided by law.
Proposed constitutional amendment requires that monies received for violations pursuant to
federal law (Federal Water Pollution Control Act 33 U.S.C. 1321) and present law associated
with the Deepwater Horizon oil spill be deposited and credited to the Coastal Protection and
Restoration Fund and dedicated exclusively for programs, projects, and activities that are
within the coastal zone of Louisiana as such zone is defined by law and that are authorized
by rule of the United States Department of Treasury adopted pursuant to the federal
RESTORE Act of 2012. Further specifies that proposed constitutional amendment shall not
be construed to affect funds associated with the Natural Resources Damage Assessment
process.
Proposed constitutional amendment provides that the fund balance limitations under present
constitution relative to mineral revenues deposited into the fund shall not apply to deposits
made under proposed constitutional amendment.
Provides for submission of the proposed amendment to the voters at the statewide election
to be held Nov. 4, 2014.
(Adds Const. Art. VII, ยง10.2(G))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the
reengrossed bill
1. Requires that the funds be dedicated exclusively for programs, projects, and
activities within the coastal zone of Louisiana as authorized by rule of the
U.S. Department of Treasury adopted pursuant to the federal RESTORE Act
of 2012.