HLS 24RS-1617 ORIGINAL
2024 Regular Session
HOUSE BILL NO. 934
BY REPRESENTATIVE LACOMBE
ENERGY/CONSERVATI ON: Provides for the dedication of revenue from carbon dioxide
sequestration on state lands and water bottoms
1 AN ACT
2To amend and reenact R.S. 30:149(B)(introductory paragraph) and (C) and
3 209.2(B)(introductory paragraph) and (C) and to enact R.S. 30:149(D), 157, and
4 209.2(D), relative to the dedication of revenue from carbon dioxide sequestration on
5 state lands; to provide for revenue from carbon dioxide sequestration on property
6 under the jurisdiction of the Department of Wildlife and Fisheries and the Wildlife
7 and Fisheries Commission; to dedicate revenue to local governing authorities; and
8 to provide for related matters.
9Be it enacted by the Legislature of Louisiana:
10 Section 1. R.S. 30:149(B)(introductory paragraph) and (C) and
11209.2(B)(introductory paragraph) and (C) are hereby amended and reenacted and R.S.
1230:149(D), 157, and 209.2(D) are hereby enacted to read as follows:
13 §149. Storage of carbon dioxide; distribution of funds
14 * * *
15 B. Except as provided in Subsections C and D of this Section, any Any
16 revenues collected by the office of mineral resources pursuant to any contractual
17 agreement for the storage of carbon dioxide beneath state-owned land or water
18 bottoms shall be immediately forwarded to the state treasurer for deposit into the
19 state treasury. After complying with the provisions of Article VII, Section 9(B) of
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HB NO. 934
1 the Constitution of Louisiana relative to the Bond Security and Redemption Fund,
2 the state treasurer shall remit the funds as follows:
3 * * *
4 C. Except as provided in Subsection D of this Section, nothing Nothing in
5 this Section shall impact existing constitutional or statutory dedications from funds
6 collected by the office of mineral resources on behalf of a state department or an
7 agency as defined in R.S. 30:151.
8 D. Any revenues collected by the office of mineral resources pursuant to any
9 contractual agreement regarding the storage of carbon dioxide or pore space rights
10 beneath properties owned or managed by, or otherwise under the jurisdiction of, the
11 Department of Wildlife and Fisheries or the Wildlife and Fisheries Commission,
12 including but not limited to wildlife management areas and refuges, shall be
13 immediately forwarded to the state treasurer for deposit into the state treasury. After
14 complying with the provisions of Article VII, Section 9(B) of the Constitution of
15 Louisiana relative to the Bond Security and Redemption Fund, the state treasurer
16 shall remit the funds as follows:
17 (1) Fifteen percent of the revenue shall be remitted to the governing
18 authority of the parish located in a specific area of interest. If the specific area of
19 interest is located in more than one parish, the monies shall be divided between the
20 parishes in proportion to the amount of property located in each parish pursuant to
21 the contractual agreement.
22 (2) The remaining revenue shall be deposited into the Wildlife and Fisheries
23 Conservation Fund.
24 * * *
25 §157. Storage of carbon dioxide; distribution of funds
26 A. For purposes of this Section, "specific area of interest" means an
27 individual tract of property that is the subject of any contractual agreement entered
28 into by the Department of Wildlife and Fisheries or the Wildlife and Fisheries
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HB NO. 934
1 Commission for the purpose of injection, storage, sequestration, transportation,
2 shipment, or withdrawal of carbon dioxide.
3 B. Any revenues collected by the Department of Wildlife and Fisheries or
4 the Wildlife and Fisheries Commission pursuant to any contractual agreement
5 regarding the storage of carbon dioxide or pore space rights beneath properties
6 owned or managed by, or otherwise under the jurisdiction of, the Department of
7 Wildlife and Fisheries or the Wildlife and Fisheries Commission, including but not
8 limited to wildlife management areas and refuges, shall be immediately forwarded
9 to the state treasurer for deposit into the state treasury. After complying with the
10 provisions of Article VII, Section 9(B) of the Constitution of Louisiana relative to
11 the Bond Security and Redemption Fund, the state treasurer shall remit the funds as
12 follows:
13 (1) Fifteen percent of the revenue shall be remitted to the governing
14 authority of the parish located in a specific area of interest. If the specific area of
15 interest is located in more than one parish, the monies shall be divided between the
16 parishes in proportion to the amount of property located in each parish pursuant to
17 the contractual agreement.
18 (2) The remaining revenue shall be deposited into the conservation fund.
19 * * *
20 §209.2. Storage of carbon dioxide; distribution of funds
21 * * *
22 B. Except as provided in Subsections C and D of this Section, any Any
23 revenues collected by the office of mineral resources pursuant to any contractual
24 agreement for the storage of carbon dioxide beneath state-owned land or water
25 bottoms shall be immediately forwarded to the state treasurer for deposit into the
26 state treasury. After complying with the provisions of Article VII, Section 9(B) of
27 the Constitution of Louisiana relative to the Bond Security and Redemption Fund,
28 the state treasurer shall remit the funds as follows:
29 * * *
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HB NO. 934
1 C. Except as provided in Subsection D of this Section, nothing Nothing in
2 this Section shall impact existing constitutional or statutory dedications from funds
3 collected by the office of mineral resources on behalf of a state department or an
4 agency as defined in R.S. 30:151.
5 D. Any revenues collected by the office of mineral resources pursuant to any
6 contractual agreement regarding the storage of carbon dioxide or pore space rights
7 beneath properties owned or managed by, or otherwise under the jurisdiction of, the
8 Department of Wildlife and Fisheries or the Wildlife and Fisheries Commission,
9 including but not limited to wildlife management areas and refuges, shall be
10 immediately forwarded to the state treasurer for deposit into the state treasury. After
11 complying with the provisions of Article VII, Section 9(B) of the Constitution of
12 Louisiana relative to the Bond Security and Redemption Fund, the state treasurer
13 shall remit the funds as follows:
14 (1) Fifteen percent of the revenue shall be remitted to the governing
15 authority of the parish located in a specific area of interest. If the specific area of
16 interest is located in more than one parish, the monies shall be divided between the
17 parishes in proportion to the amount of property located in each parish pursuant to
18 the contractual agreement.
19 (2) The remaining revenue shall be deposited into the Wildlife and Fisheries
20 Conservation Fund.
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 934 Original 2024 Regular Session LaCombe
Abstract: Dedicates 15% of revenue received by the state for carbon dioxide sequestration
on property within the jurisdiction of the Department of Wildlife and Fisheries and
the Wildlife and Fisheries Commission to local governing authorities where the
property is located.
Present law provides for the following distribution of funds collected by the office of mineral
resources from any contractual agreements for the storage of carbon dioxide on state-owned
lands or water bottoms:
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HB NO. 934
(1)30% to the Mineral and Energy Operation Fund.
(2)30% to parishes included in the agreement. If one or more parishes is included in the
agreement, the 30% will be divided based on the amount of land in each parish
included in the agreement.
(3)The remaining funds are deposited into the state general fund.
Proposed law provides an exception to the distribution of funds under present law for funds
collected by the office of mineral resources for the storage of carbon dioxide beneath lands
and water bottoms under the jurisdiction of the Dept. of Wildlife and Fisheries and the
Wildlife and Fisheries Commission. Under proposed law, these funds will be distributed as
follows:
(1)15% to parishes included in the agreement. If one or more parishes is included in the
agreement, the 15% will be divided based on the amount of land in each parish
included in the agreement.
(2)The remainder to the Conservation Fund.
Present law further provides that this dedication of revenue does not affect existing
constitutional or statutory dedications of funds collected by the office of mineral resources
on behalf of a state agencies.
Proposed law provides that the distribution of Wildlife and Fisheries' revenue under
proposed law is an exception to present law.
Proposed law further provides for the following distribution of funds collected by the Dept.
of Wildlife and Fisheries or the Wildlife and Fisheries Commission if they lease their own
lands for the storage of carbon dioxide on lands or water bottoms under their jurisdiction:
(1)15% to parishes included in the agreement. If one or more parishes is included in the
agreement, the 15% will be divided based on the amount of land in each parish
included in the agreement.
(2)The remainder to the Conservation Fund.
(Amends R.S. 30:149(B)(intro. par.) and (C) and 209.2(B)(intro. par.) and (C); Adds R.S.
30:149(D), 157, and 209.2(D))
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