Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB570 Introduced / Bill

                    SLS 14RS-901	ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2014
SENATE BILL NO. 570
BY SENATOR LONG 
MINERALS. Provides relative to the prescription of nonuse for properties transferred in
connection to an economic development project. (8/1/14)
AN ACT1
To enact R. S. 31:149(I), relative to the prescription of nonuse; provides that the prescription2
of nonuse for mineral rights does not run against land that was transferred in3
connection with an economic development project; to provide for a notice of4
reinscription and its contents; to provide terms, conditions, and requirements; and to5
provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1.  R.S. 31:149(I) is hereby enacted to read as follows: 8
ยง149. Mineral rights reserved from acquisitions of land by governments or agencies9
thereof imprescriptible 10
*          *          *11
(I)(1) When land is acquired from any person by an acquiring authority12
or other person, through act of sale, exchange, donation, or other contract, as13
part of an economic development project pursuant to a cooperative endeavor14
agreement between the acquiring authority and the state through the15
Department of Economic Development, as evidenced in a certification by the16
secretary of the Department of Economic Development attached to the17 SB NO. 570
SLS 14RS-901	ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
instrument by which the land is acquired, and a mineral right subject to the1
prescription of nonuse is reserved in the instrument by which the land is2
acquired, the prescription of nonuse shall thereafter not run against the right3
whether the title to the land remains in the acquiring authority or is4
subsequently transferred to a third person, public or private.5
(2) The prescription of nonuse shall commence to run ten years after the6
date of execution of the instrument by which the land was acquired and the7
mineral rights subject to the prescription of nonuse is reserved, unless a notice8
of reinscription is recorded before the prescription of nonuse commences to run.9
A timely recorded notice of reinscription shall continue to interrupt the running10
of the prescription of nonuse for a period of ten years from the date the notice11
of reinscription is recorded, and subsequent notices of reinscription recorded12
prior to the prescription of nonuse commencing to run shall each continue to13
interrupt the running of the prescription of nonuse for a period of ten years14
from the date the notice of reinscription is recorded. Each notice of15
reinscription shall be signed by a current owner of the reserved mineral right16
and shall contain all of the following:17
(a) The name of the original property owner transferring the land for the18
economic development project.19
(b) The name of the acquiring authority or person who acquired the20
property.21
(c) The date of execution of the original transfer instrument.22
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by McHenry Lee.
DIGEST
Long (SB 570)
Present law provides that mineral rights are subject to a prescription of nonuse for 10 years.
Proposed law provides when land is acquired from any person by an acquiring authority
through an act of sale, exchange, donation, or other contact as part of an economic
development project pursuant to a certain cooperative endeavor agreement, as evidenced in
a certification by the secretary of DED and a mineral right otherwise subject to the
prescription of nonuse is reserved, the prescription of nonuse will not run against the right, SB NO. 570
SLS 14RS-901	ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
whether the title to the land remains in the acquiring authority or is subsequently transferred
to a third person, public or private.
Proposed law provides that the prescription of nonuse will commence to run 10 years after
the date of execution of the instrument by which the land was acquired, unless a notice of
reinscription is recorded before the prescription of nonuse commences to run.
Proposed law provides that a timely recorded notice of reinscription will continue to
interrupt the running of the prescription of nonuse for a period of 10 years from the date the
notice of reinscription is recorded, and subsequent notices of reinscription recorded prior to
the prescription of nonuse commencing to run shall each continue to interrupt the running
of the prescription of nonuse for a period of 10 years from the date the notice of reinscription
is recorded.
Proposed law requires that each notice of reinscription will include certain information.
Proposed law requires the notice of reinscription to be signed by a current owner of the
reserved mineral right.
Effective August 1, 2014.
(Adds R.S. 31:149(I))