ENERGY: Provides for the dedication of revenue from carbon dioxide sequestration on state lands and water bottoms
What changed between versions
Removed original prefiling language and updated page counts and headers to reflect the bill's status as an enrolled Act.
Added a definition for 'injection-based revenue' to clarify that it includes fees and guaranteed payments but excludes surface use bonuses or pipeline rights.
Added a requirement for state agencies to submit monthly reports to the Treasury and local parishes detailing revenue collections from injection operations.
Authorized the Department of Energy and Natural Resources to disclose storage facility data to local parishes upon request to help calculate owed payments.
Explicitly stated that the revenue distribution rules apply only to state-owned property and do not apply to local governmental entities.
Added a provision ensuring that existing constitutional or statutory dedications made before August 1, 2025, are not impacted by this new revenue distribution scheme.