RÉSUMÉ DIGEST
ACT 268 (HB 58) 2021 Regular Session Coussan
Existing 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. Requires the secretary of the Dept. of Natural Resources to submit
an itemized report to the legislature detailing legal costs and expenses paid with monies from
the fund.
Existing law further provides for the annual deposit of certain revenues into the fund,
including $1.6 million received by the state through the office of mineral resources from
judgments and settlements, income received from seismic survey permits, and any other
monies designated for deposit pursuant to existing law.
Prior law required that for FY 2017-2018 through FY 2020-2021 the treasurer deposit an
additional $900,000 per year into the fund from office of mineral revenue judgments and
settlements. New law extends the termination of this additional $900,000 per year deposit
requirement from FY 2021-2022 to FY 2024-2025.
(Amends R.S. 30:136.3(B)(1))