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 Engrossed 2024 Regular Session LaCombe
Abstract: Dedicates 30% 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:
(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.
Present law excludes from the present law distribution all existing constitutional and statutory
dedications of funds collected by the office of mineral resources on behalf of a state agency.
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)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.
(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)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.
(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))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Natural Resources and
Environment to the original bill:
1. Increase the dedication to parishes from carbon capture revenue on properties under the
jurisdiction of the Dept. of Wildlife and Fisheries and Wildlife and Fisheries
Commission from 15% to 30%.