SLS 17RS-739 ENGROSSED
2017 Regular Session
SENATE BILL NO. 249
BY SENATOR CHABERT
FUNDS/FUNDING. Provides for the disbursement of certain revenue from the Coastal
Protection and Restoration Fund for hurricane protection purposes.
1 AN ACT
2 To enact R.S. 49:214.5.4(E)(5), relative to the Coastal Protection and Restoration Fund; to
3 provide for the disbursement of monies in the fund for hurricane protection purposes;
4 to provide for effectiveness; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 49:214.5.4(E)(5) is hereby enacted to read as follows:
7 ยง214.5.4. Funding and resource allocation
8 * * *
9 E.
10 * * *
11 (5)(a) Beginning with Fiscal Year 2022, a portion of the total federal
12 revenues received by the state generated from Outer Continental Shelf oil and
13 gas activity shall be dedicated solely for hurricane protection projects, including
14 operation and maintenance, that are included in or consistent with the master
15 plan as follows:
16 (i) For Fiscal Years 2022 through 2024, a minimum of thirty-five percent.
17 (ii) For Fiscal Years 2025 through 2027, a minimum of forty percent.
Page 1 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 249
SLS 17RS-739 ENGROSSED
1 (iii) For Fiscal Years 2028 through 2030, a minimum of forty-five
2 percent.
3 (iv) For Fiscal Year 2031 and subsequent fiscal years, a minimum of fifty
4 percent.
5 (b) If the total federal revenues received by the state generated from
6 Outer Continental Shelf oil and gas activity are less than one hundred million
7 dollars in any fiscal year, then the minimum dedications contained in
8 Subparagraph (a) of this Paragraph shall not apply.
9 * * *
10 Section 2. This Act shall become effective on July 1, 2017.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Ben Huxen.
DIGEST
SB 249 Engrossed 2017 Regular Session Chabert
Proposed law provides that, beginning with FY 2022, a portion of the total federal revenues
received by the state generated from Outer Continental Shelf oil and gas activity shall be
dedicated solely for hurricane protection projects, including operation and maintenance, that
are included in or consistent with the master plan as follows:
(i) For FY 2022 through 2024, a minimum of thirty-five percent.
(ii) For FY 2025 through 2027, a minimum of forty percent.
(iii) For FY 2028 through 2030, a minimum of forty-five percent.
(iv) For FY 2031 and subsequent fiscal years, a minimum of fifty percent.
Proposed law further provides that, if the total federal revenues received by the state
generated from Outer Continental Shelf oil and gas activity are less than one hundred million
dollars in any fiscal year, then the minimum dedications shall not apply.
Effective July 1, 2017.
(Adds R.S. 49:214.5.4(E)(5))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original
bill
1. Deletes provisions providing that eighty-five percent of the federal revenues
that are received by the state generated from Outer Continental Shelf oil and
gas activity for the previous fiscal year shall be disbursed annually to
primary levee districts for the purpose of hurricane protection in accordance
with particular formulas. Further deletes provisions requiring the Coastal
Protection and Restoration Authority Board to modify its annual plan to
account for these disbursements.
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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. 249
SLS 17RS-739 ENGROSSED
2. Provides that, beginning with FY 2022, a portion of the total federal revenues
received by the state generated from Outer Continental Shelf oil and gas
activity shall be dedicated solely for hurricane protection projects, including
operation and maintenance, that are included in or consistent with the master
plan as follows:
(i) For FY 2022 through 2024, a minimum of thirty-five percent.
(ii) For FY 2025 through 2027, a minimum of forty percent.
(iii) For FY 2028 through 2030, a minimum of forty-five percent.
(iv) For FY 2031 and subsequent fiscal years, a minimum of fifty percent.
However, if the total federal revenues received by the state generated from
Outer Continental Shelf oil and gas activity are less than one hundred million
dollars in any fiscal year, then the minimum dedications shall not apply.
Page 3 of 3
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.