FUNDS/FUNDING: Creates the Oil and Gas Severance Subfund in the Parish Transportation Fund. (7/1/26) (OR -$17,800,000 GF RV See Note)

SB 187 creates a dedicated subfund within Louisiana's Parish Transportation Fund, requiring 5% of state oil and gas severance tax revenue (starting July 2026) and all annually appropriated funds to be deposited there. The money can only be used to repair and maintain public roads and bridges in parishes where oil and gas operations occur, directly affecting those parishes' infrastructure budgets. It explicitly prohibits using these funds for bond issuances or other purposes outside this specific transportation use. The subfund will be distributed proportionally to qualifying parishes based on established formulas.