This text of Louisiana § 30:209.3 (Storage of carbon dioxide; distribution of funds; state agency property) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
§209.3. Storage of carbon dioxide; distribution of funds; state agency property
A.Upon commencement of Class VI injection operations for the geologic storage
of carbon dioxide beneath any land or water bottoms owned by a state agency, whether
owned in a public or private capacity, any injection-based revenue collected by the state
agency, or by the office of mineral resources on behalf of that agency, shall be immediately
forwarded to the state treasurer for deposit into the state treasury. After complying with the
provisions of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond
Security and Redemption Fund, the state treasurer shall remit the funds as provided in this
Section.
B.Pursuant to the authority granted to the legislature by Article VII, Section 10-
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§209.3. Storage of carbon dioxide; distribution of funds; state agency property
A. Upon commencement of Class VI injection operations for the geologic storage
of carbon dioxide beneath any land or water bottoms owned by a state agency, whether
owned in a public or private capacity, any injection-based revenue collected by the state
agency, or by the office of mineral resources on behalf of that agency, shall be immediately
forwarded to the state treasurer for deposit into the state treasury. After complying with the
provisions of Article VII, Section 9(B) of the Constitution of Louisiana relative to the Bond
Security and Redemption Fund, the state treasurer shall remit the funds as provided in this
Section.
B. Pursuant to the authority granted to the legislature by Article VII, Section 10-A(A)(1) of the Constitution of Louisiana, for injection-based revenue collected on behalf of
the Department of Wildlife and Fisheries or the Wildlife and Fisheries Commission, the
revenue shall be distributed as follows:
(1) Thirty percent of the revenue shall be remitted to the governing authority of the
parish or parishes within the area of review of the storage facility. If more than one parish
is included in the area of review, each parish shall be entitled to a proportionate share of the
revenue based on the relative proportion of surface area directly above the area of review
located in each parish.
(2) The remainder shall be deposited into the Louisiana Wildlife and Fisheries
Conservation Fund.
C. For injection-based revenue collected on behalf of any other state agency, the
revenue shall be distributed as follows:
(1) Thirty percent of the revenue shall be remitted to the governing authority of the
parish or parishes within the area of review of the storage facility. If more than one parish
is included in the area of review, each parish shall be entitled to a proportionate share of the
revenue based on the relative proportion of surface area directly above the area of review
located in each parish.
(2) The remainder shall be deposited into the state general fund.
D. For the purposes of this Section, the term "injection-based revenue" includes but
is not limited to injection fees, contractual minimum guaranteed annual payments, and any
other revenue derived from injection operations. Revenue collected from bonuses, rentals,
pipeline rights-of-way, or other payments for surface use or surface facilities are not included
in the distribution required by this Section.
E. The state agency, or the office of mineral resources on behalf of that agency, shall
submit a monthly report to the Department of the Treasury and the relevant parish governing
authority itemizing the prior month's collections from injection operations for each storage
facility.
F. Upon request of a parish entitled to revenue pursuant to this Section, the
Department of Conservation and Energy is authorized to disclose to the parish governing
authority any storage facility data that is relevant to the calculation of payments due.
G. This Section only applies to property owned by state agencies and shall not be
construed to apply to local governmental entities.