Dedicates a portion of the 0.45% state sales tax to payment of the Teachers' Retirement System of La. initial unfunded accrued liability and to highway and bridge preservation projects (RE -$444,300,000 GF RV See Note)
Reduces the severance tax rate for oil over a certain period of time and fixes the severance tax rate for oil produced from certain wells at the current rate (EG DECREASE GF RV See Note)