HLS 15RS-9 ENGROSSED 2015 Regular Session HOUSE BILL NO. 228 BY REPRESENTATIVE REYNOLDS MINERALS/RIGHTS-ROYALTY: Dedicates a certain amount of mineral revenues from oil and gas production in and around Lake Bistineau to weevil production for control of giant salvinia in the lake 1 AN ACT 2To enact R.S. 56:10.2, relative to state mineral income from activity in and adjacent to Lake 3 Bistineau; to dedicate a portion of such revenue to weevil production for control of 4 giant salvinia in the lake; to create the Lake Bistineau Management Account in the 5 Conservation Fund; to provide for the use of monies in the account; to provide 6 legislative oversight; to provide for termination; to provide for an effective date; and 7 to provide for related matters. 8Be it enacted by the Legislature of Louisiana: 9 Section 1. R.S. 56:10.2 is hereby enacted to read as follows: 10 ยง10.2. Lake Bistineau Management Account; dedication of mineral activity 11 revenues 12 A. Notwithstanding any other provision of law to the contrary, after 13 allocation of monies to the Bond Security and Redemption Fund as provided in 14 Article VII, Section 9(B) of the Constitution of Louisiana, and after satisfying the 15 required allocations in Article VII, Sections 4, 10-A, and 10.2 of the Constitution of 16 Louisiana, in the event a research facility is constructed at Lake Bistineau for 17 production of weevil for control of giant salvinia, an amount not to exceed ninety- 18 five thousand dollars annually shall be deposited by the state treasurer from the 19 Conservation Fund into the Lake Bistineau Management Account in the Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-9 ENGROSSED HB NO. 228 1 Conservation Fund, hereinafter referred to as the "account", which is hereby created 2 as a special account in the Conservation Fund, until a total of three hundred thousand 3 dollars has been deposited into the account. The monies in the account shall be 4 invested by the treasurer in the manner provided by law, and interest earned on the 5 investment of those monies shall be deposited in and credited to the Conservation 6 Fund. All unexpended or unencumbered monies remaining in the account at the end 7 of the fiscal year shall remain in the account. 8 B. Upon construction of a research facility at Lake Bistineau for production 9 of weevil for control of giant salvinia, the monies in the account shall be 10 appropriated each year by the legislature for use exclusively by the Department of 11 Wildlife and Fisheries for weevil production for control of giant salvinia in Lake 12 Bistineau. Each year's plan for the expenditure of monies appropriated from the 13 account shall be subject to the approval of the House Committee on Natural 14 Resources and Environment and the Senate Committee on Natural Resources. 15 C. The provisions of this Section shall terminate and become null and void 16 upon the expenditure of a total of three hundred thousand dollars by the Department 17 of Wildlife and Fisheries for weevil production for control of giant salvinia in Lake 18 Bistineau from monies deposited into the account. 19 Section 2. This Act shall become effective on July 1, 2015; if vetoed by the governor 20and subsequently approved by the legislature, this Act shall become effective on July 1, 212015, or on the day following such approval by the legislature, whichever is later. 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)] HB 228 Engrossed 2015 Regular Session Reynolds Abstract: Dedicates $300,000 from the Conservation Fund to weevil production for control of giant salvinia in Lake Bistineau. Proposed law dedicates an amount not to exceed $95,000 annually from the Conservation Fund for weevil production for control of giant salvinia in Lake Bistineau until a total of $300,000 has been dedicated. Creates the Lake Bistineau Management Account in the Conservation Fund and deposits the dedication into the account. Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 15RS-9 ENGROSSED HB NO. 228 Proposed law further requires appropriation of the monies in the account to the Dept. of Wildlife and Fisheries for weevil production for control of giant salvinia in Lake Bistineau. Proposed law requires the construction of a research facility on Lake Bistineau before monies will be dedicated or appropriated for control of giant salvinia in Lake Bistineau. Proposed law requires approval by the House Committee on Natural Resources and Environment and the Senate Committee on Natural Resources each year of the plan for expenditure of monies appropriated from the account. Proposed law terminates and becomes null and void when $300,000 has been expended by the Dept. of Wildlife and Fisheries from the account for control of giant salvinia in Lake Bistineau. Effective July 1, 2015. (Adds R.S. 56:10.2) Summary of Amendments Adopted by House The Committee Amendments Proposed by House Committee on Appropriations to the original bill: 1. Require the construction of a research facility on Lake Bistineau before monies are dedicated or appropriated for the production of weevil for control of giant salvinia in Lake Bistineau. 2. Change the dedication from $300,000 annually to an amount not to exceed $95,000 annually until a total of $300,000 has been deposited into the Lake Bistineau Management Account in the Conservation Fund. 3. Change the source of the dedication from the state's mineral income from activity on certain water bottoms of Lake Bistineau to the Conservation Fund. 4. Change the deposit of interest earned on the Lake Bistineau Management Account from the Lake Bistineau Management Account to the Conservation Fund. 5. Change the termination of proposed law from July 1, 2017, to the expenditure of $300,000 by the Dept. of Wildlife and Fisheries for control of giant salvinia in Lake Bistineau from monies deposited into the Lake Bistineau Management Account in the Conservation Fund. Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.