HLS 21RS-317 ENGROSSED
2021 Regular Session
HOUSE BILL NO. 58
BY REPRESENTATIVE COUSSAN
MINERALS/MINERAL BOARD: Extends certain funding for the Mineral and Energy
Operation Fund
1 AN ACT
2To amend and reenact R.S. 30:136.3(B)(1), relative to the Mineral and Energy Operation
3 Fund; to extend the time frame for receipt of certain revenues to be credited to the
4 fund; and to provide for related matters.
5Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 30:136.3(B)(1) is hereby amended and reenacted to read as follows:
7 ยง136.3. Mineral and Energy Operation Fund
8 * * *
9 B. Out of the funds remaining in the Bond Security and Redemption Fund,
10 after a sufficient amount is allocated from that fund to pay all obligations secured by
11 the full faith and credit of the state which become due and payable within any fiscal
12 year as required by Article VII, Section 9(B) of the Constitution of Louisiana, the
13 treasurer in each fiscal year shall pay into the fund revenues and amounts from the
14 following sources:
15 (1) An amount equal to one million six hundred thousand dollars received
16 by the state through the office of mineral resources from non-judicial settlements,
17 including but not limited to settlements of disputes of royalty audit findings, and
18 court-awarded judgments and settlements. For Fiscal Years 2017-2018 through
19 2020-2021, 2021-2022 through 2024-2025, an additional amount equal to nine
20 hundred thousand dollars received by the state through the office of mineral
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 21RS-317 ENGROSSED
HB NO. 58
1 resources from non-judicial settlements, including but not limited to settlements of
2 disputes of royalty audit findings, and court-awarded judgments and settlements.
3 * * *
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 58 Engrossed 2021 Regular Session Coussan
Abstract: Extends the receipt of monies from judgments and settlements deposited into the
Mineral and Energy Operation Fund.
Present law establishes the Mineral and Energy Operation Fund as a special fund in the state
treasury to be used solely for the administration and regulation of minerals, groundwater,
and related energy activities. Specifies that the secretary of the department is required to
annually report to the legislature with respect to legal costs paid with monies from the fund.
Present law provides for deposit of the following revenues into the fund: up to $1.6 million
received from judgments and settlements, income received from seismic survey permits, and
any other monies designated for deposit.
Present law deposits an additional $900,000 per year into the fund from judgments and
settlements for FY 2017-2018 through FY 2020-2021.
Proposed law retains present law and extends the time frame for the receipt of such monies
from FY 2017-2018 through FY 2020-2021 to FY 2021-2022 through FY 2024-2025.
(Amends R.S. 30:136.3(B)(1))
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.