ENROLLED
ACT No. 268
2021 Regular Session
HOUSE BILL NO. 58
BY REPRESENTATIVE COUSSAN
1 AN ACT
2 To 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.
5 Be 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
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HB NO. 58 ENROLLED
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 * * *
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.