2015 Regular Session ENROLLED
SENATE BILL NO. 122
BY SENATOR ADLEY
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
1 AN ACT
2 To amend and reenact the introductory paragraph of R.S. 39:94(A)(2)(a), relative to the
3 Budget Stabilization Fund; to provide for an increase in the base amount of mineral
4 revenues received by the state prior to the annual deposit into the Budget
5 Stabilization Fund; to provide for an effective date; and to provide for related
6 matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. The introductory paragraph of R.S. 39:94(A)(2)(a) is hereby amended and
9 reenacted to read as follows:
10 ยง94. Budget Stabilization Fund
11 A.
12 * * *
13 (2)(a) All revenues received in each fiscal year by the state in excess of eight
14 nine hundred fifty million dollars, hereinafter referred to as the "base," as a result of
15 the production of or exploration for minerals, hereinafter referred to as "mineral
16 revenues," including severance taxes, royalty payments, bonus payments, or rentals,
17 and excluding such revenues designated as nonrecurring pursuant to Article VII,
18 Section 10(B) of the Constitution of Louisiana, any such revenues received by the
19 state as a result of grants or donations when the terms or conditions thereof require
20 otherwise and revenues derived from any tax on the transportation of minerals, shall
21 be deposited in the fund after the following allocations of said mineral revenues have
22 been made:
23 * * *
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 122 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.