RÉSUMÉ DIGEST
ACT 190 (HB 118) 2018 Regular Session Billiot
Existing 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 an obstruction
or hazard in waters of the state resulting from natural occurrences, oil and gas activities, or
other activities where the obstruction is unknown. Prior law provided that payments into the
Underwater Obstruction Removal Fund shall cease June 30, 2018.
New 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 May 15, 2018.
(Amends R.S. 56:700.2(A)(4) and 700.6)