§707. Collection of fees

            A. The annual fees imposed by R.S. 30:706 shall be paid to the department no later than January fifteenth of each year on forms to be prescribed by the secretary. If any person fails to pay the fees imposed by this Part, the secretary may proceed to enforce the collection thereof by utilizing the remedies and procedures set forth in Chapter 1 of this Title, specifically including any authority to obtain and audit information and authority to impose interest and penalties.

            B. All money received or collected by the secretary under R.S. 30:706 and this Section shall be deposited immediately upon receipt in the state treasury and shall be credited to the Oil and Gas Regulatory Dedicated Fund Account.

            Acts 1987, No. 794, §1; Acts 1992, No. 984, §9; Acts 1997, No. 658, §2; Acts 2003, No. 711, §1, eff. June 27, 2003; Acts 2021, No. 114, §18, eff. July 1, 2022; Acts 2025, No. 458, §1, eff. Oct. 1, 2025.