§1103. Carbon sequestration on surface or water bottom
Any monetary compensation derived from the sequestration of carbon on the surface
of land or water bottoms through biological processes, including but not limited to the
growth of plants or animals or other natural or induced processes, is the property of the
owner of the land or water bottom upon which such sequestration occurs, unless (a)
contractually assigned to another party; or (b) the sequestration, uptake, or prevention of
emission of greenhouse gases is directly related to the avoided conversion or avoided loss
attributable to a project carried out or sponsored by the Coastal Protection and Restoration
Authority or the Coastal Protection and Restoration Authority Board, including use of public
resources as provided in R.S. 49:214.5.4. In such instance, the monetary compensation is
the property of the state.
Acts 2010, No. 193, §1; Acts 2016, No. 430, §1.