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.
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.