The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Alan Miller.
DIGEST
SB 425 Original 2016 Regular Session Allain
Present law establishes the Oil and Gas Regulatory Fund within the state treasury, with monies
credited to the fund to be appropriated by the legislature and dedicated solely to the use of the office
of conservation for the regulation of the oil and gas industry and other industries under its
jurisdiction.
Proposed law retains present law and dedicates 50% of any annual assessment paid by an operator
who chooses not to plug a well classified as inactive into the Oil and Gas Regulatory Fund with the
remainder being deposited into the Oilfield Site Restoration Fund.
Present law establishes the Oilfield Site Restoration Fund within the state treasury and may only be
used for special purposes as provided by present law.
Proposed law retains present law and dedicates 50% of any annual assessment paid by an operator
who chooses not to plug a well classified as inactive into the Oilfield Site Restoration Fund with the
remainder being deposited into the Oil and Gas Regulatory Fund.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 30:21(B)(2)(a); adds R.S. 30:86(D)(7))