§101.11. Geographical coverage; annual assessments
A. The dedicated fund account as established in R.S. 30:101.9 shall be utilized to
compensate commercial fishermen operating in Louisiana territorial waters which overlie
state-owned waterbottoms which are contained within the coastal zone boundaries as
described and established by R.S. 49:214.24.
B.(1) The secretary is authorized and empowered to levy an annual fee in the amount
of four hundred dollars upon each lessee or operator for any agreement for mineral or energy
production or for subsurface storage entered into by the State Mineral and Energy Board and
each grantee of a state right-of-way, for each lease and right-of-way on July 1, 2023, located
within the coastal zone boundary. The secretary shall not levy the fee upon a political
subdivision of the state.
(2) The state treasurer shall be authorized to deposit into the account a sum in the
amount of one hundred thousand dollars from proceeds remaining in the Bond Security and
Redemption Fund after compliance with dedications of mineral royalties, leases, bonuses,
and rights-of-way and other sums payable to the state as lessor of mineral leases and grantor
of rights-of-way as required pursuant to R.S. 30:136(B) and 136.1(A), (B), and (C), after a
sufficient amount has been allocated from the Bond Security and Redemption Fund to pay
all obligations secured by the full faith and credit of the state which become due and payable
within the fiscal year.
Acts 2022, No. 100, §2, eff. July 1, 2023.
NOTE: See R.S. 30:101.15 regarding the termination of Part after June 30, 2027.