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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 ENROLLED
SENATE BILL NO. 570
BY SENATOR LONG
AN ACT1
To enact R. S. 31:149(I), relative to the prescription of nonuse; to provide for a twenty-year2
prescription period for mineral rights reserved in a transfer in connection with a state3
economic development project; to provide terms, conditions, and requirements; and4
to provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 31:149(I) is hereby enacted to read as follows: 7
ยง149. Mineral rights reserved from acquisitions of land by governments or agencies8
thereof imprescriptible; prescription period in acquisitions for9
economic development 10
* * *11
I. When land is acquired from any person by an acquiring authority or12
other person, through act of sale, exchange, donation, or other contract, as part13
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
instrument by which the land is acquired, and a mineral right subject to the18
prescription of nonuse is reserved in the instrument by which the land is19
acquired, the prescription of nonuse shall be for a period of twenty years from20
ACT No. 473 SB NO. 570 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
the date of acquisition whether the title to the land remains in the acquiring1
authority or is subsequently transferred to a third person, public or private.2
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: