2016 Regular Session ENROLLED
SENATE BILL NO. 425
BY SENATOR ALLAIN
1 AN ACT
2 To amend and reenact R.S. 30:21(B)(2)(a) and to enact R.S. 30:86(D)(7), relative to the
3 commissioner of conservation; to provide for the Oil and Gas Regulatory Fund; to
4 provide for the Oilfield Site Restoration Fund; to provide for contributions to such
5 funds from fees collected from an operator who chooses not to plug a well classified
6 as inactive; and to provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8 Section 1. R.S. 30:21(B)(2)(a) is hereby amended and reenacted and R.S.
9 30:86(D)(7) is hereby enacted to read as follows:
10 §21. Fees and charges of the commissioner of conservation; revisions; exceptions;
11 collections; Oil and Gas Regulatory Fund; creation; amounts;
12 requirements
13 * * *
14 B. * * *
15 (2)(a) There is hereby established a special fund in the state treasury to be
16 known as the Oil and Gas Regulatory Fund, hereafter referred to as the "fund". After
17 deposit in the Bond Security and Redemption Fund and after a sufficient amount is
18 allocated from that fund to pay all the obligations secured by the full faith and credit
19 of the state that become due and payable within each fiscal year, the treasurer shall
20 pay into the fund an amount equal to the monies generated from collection of the
21 fees provided for in this Title or Title 47 of the Louisiana Revised Statutes of 1950,
22 the rules and regulations promulgated thereunder, any fines and civil penalties or any
23 other provision of law relative to fees, fines, or civil penalties attributable to the
24 office of conservation, and fifty percent of any annual assessment paid by an
25 operator who chooses not to plug a well classified as inactive with the remainder
26 being deposited into the Oilfield Site Restoration Fund.
27 * * *
ACT No. 582
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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. 425 ENROLLED
1 §86. Oilfield Site Restoration Fund
2 * * *
3 D. The following monies shall be placed into the Oilfield Site Restoration
4 Fund:
5 * * *
6 (7) Fifty percent of any annual assessment paid by an operator who
7 chooses not to plug a well classified as inactive with the remainder being
8 deposited into the Oil and Gas Regulatory Fund.
9 * * *
10 Section 2. This Act shall become effective upon signature by the governor or, if not
11 signed by the governor, upon expiration of the time for bills to become law without signature
12 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
13 vetoed by the governor and subsequently approved by the legislature, this Act shall become
14 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.