CHAPTER 16. FEDERAL OIL OVERCHARGE REFUND MONIES
§1401. Statement of findings
A. The legislature finds that the state of Louisiana has received millions of dollars
in federal oil overcharge refund monies as a result of violations, alleged and actual, of federal
price controls and allocation laws. Further, the subject of oil overcharge refunds is
complicated by the lack of uniformity of terms and conditions among the congressional
directives, consent orders, remedial orders, settlements, and judgments awarding the refunds.
B. With the approval of the United States Department of Energy, the Department of
Conservation and Energy administers the federal oil overcharge monies due the state, as
appropriated by the legislature. Early legislative input and recommendations on state
expenditure plans will maximize efficient delivery of services and benefits to Louisiana's
consumers, particularly those interest groups including low income persons, educational
institutions, and hospitals, served by mandated federal programs.
C. The legislature finds and declares that in order to provide legislators with
information as to expenditure restrictions and to encourage interaction among the
Department of Conservation and Energy, the legislature, and the United States Department
of Energy, a special joint legislative committee on federal oil overcharge monies shall be
created.
Acts 1987, No. 508, §1, eff. July 9, 1987; Acts 2023, No. 150, §5, eff. Jan. 10, 2024.