DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 118 Engrossed 2018 Regular Session Billiot
Abstract: Extends until June 30, 2022 the Fishermen's Gear Compensation Fund and payments into
the Underwater Obstruction Removal Fund.
Present law creates the Fishermen's Gear Compensation Fund to pay compensation for damages
suffered by a commercial fisherman as a result of hitting or snagging on an obstruction or a hazard
in waters of the state resulting from natural occurrences, oil and gas activities, or other activities
where the obstruction is unknown. Provides that payments into the Underwater Obstruction
Removal Fund shall cease June 30, 2018.
Proposed law extends payments into the Underwater Obstruction Removal Fund to June 30, 2022
and extends the existence of the Fishermen's Gear Compensation Fund to June 30, 2022.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Amends R.S. 56:700.2(A)(4) and 700.6)