(Constitutional Amendment) Provides relative to severance tax revenues remitted to parishes in which the associated severance occurs (RE -$46,900,000 GF RV See Note)
Requires parishes to use portions of severance tax revenues received from the state for economic development activities and infrastructure projects (EG SEE FISC NOTE GF RV See Note)
Requires that carbon dioxide injected for geologic sequestration using a Class VI injection well be transported to and sequestered in a storage facility in the Gulf of Mexico