HLS 14RS-1105 ENGROSSED
Page 1 of 1
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2014
HOUSE BILL NO. 297
BY REPRESENTATIVE DOVE
MINERALS/MINERAL BOARD: Relative to the methods of payment for deposits
accompanying bids for mineral leases on state lands
AN ACT1
To amend and reenact R.S. 30:127(F), relative to bids for mineral leases on state lands; to2
authorize the use of electronic funds transfer for deposits accompanying such bids;3
and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 30:127(F) is hereby amended and reenacted to read as follows:6
ยง127. Opening bids; minimum royalties; terms of lease; deposit7
* * *8
F. Deposit that may be required to be submitted with each bid shall be in the9
form of certified check, cashier's check, or bank money order, or electronic funds10
transfer.11
* * *12
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)]
Dove HB No. 297
Abstract: Allows the use of electronic funds transfer for deposits on mineral lease bids.
Present law provides generally for the process of accepting bids for mineral leases on state
lands. Present law sets the minimum royalties and provides for the opening of bids. Also
provides for methods of payment of deposits required to accompany bids including certified
check, cashier's check, or bank money order. Proposed law adds electronic funds transfer
to that list of acceptable methods of payment.
(Amends R.S. 30:127(F))