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LA HB300

LA HB300
(Constitutional Amendment) Provides relative to the disposition of funds derived from alternative energy production in the coastal area (EN SEE FISC NOTE GF RV See Note)


summary

Introduced
02/28/2024
In Committee
05/29/2024
Crossed Over
04/02/2024
Passed
05/31/2024
Dead
Signed/Enacted/Adopted
06/04/2024

Introduced Session

2024 Regular Session

Bill Summary

A JOINT RESOLUTION Proposing to amend Article VII, Section 10.2(E)(1) of the Constitution of Louisiana, relative to federal proceeds from alternative energy production on the Outer Continental Shelf; to provide for the disposition of revenues; to provide for submission of the proposed amendment to the electors; and to provide for related matters.

AI Summary

This bill proposes to amend the Louisiana Constitution to require that federal revenues received by the state from Outer Continental Shelf alternative or renewable energy production, such as wind, solar, tidal, wave, and geothermal energy, be deposited into the Coastal Protection and Restoration Fund. This would expand the existing provision, which only covers revenues from oil and gas activity on the Outer Continental Shelf. The proposed amendment will be submitted to Louisiana voters for approval in the November 2024 election.

Committee Categories

Budget and Finance, Government Affairs, Justice

Sponsors (1)

Last Action

Becomes Act No. 408. (on 06/04/2024)

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