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- Article VII. Revenue and Finance
- Part I. General Provisions
La. Const. art. VII § 10.16 Dedications of Mineral Revenues
Library | Constitution of the State of Louisiana of 1974 |
Edition | 2021 |
Currency | Current with changes from the November 3, 2020 election |
Year | 2021 |
Citation | La. Const. art. VII § 10.16 |
(A)All mineral revenues as defined in Paragraph (D) of this Section received in each fiscal year by the state as a result of the production of or exploration for minerals, hereinafter referred to as "mineral revenues", shall be allocated as provided in this Section after the following allocations and deposits of mineral revenues have been made:
(1)To the Bond Security and Redemption Fund as provided in Article VII, Section 9 (B) of this constitution.
(2)To the political subdivisions of the state as provided in Article VII, Sections 4 (D) and (E) of this constitution.
(3)To the Louisiana Wildlife and Fisheries Conservation Fund as provided by the requirements of Article VII, Section 10-A of this constitution and as provided by law.
(4)To the Louisiana Wildlife and Fisheries Conservation Fund and the Oil and Gas Regulatory Fund as provided by law.
(5)To the Rockefeller Wildlife Refuge and Game Preserve Fund as provided by law.
(6)To the Marsh Island Operating Fund and the Russell Sage or Marsh Island Refuge Fund as provided by law.
(7)To the MC Davis Conservation Fund as provided by law.
(8)To the White Lake Property Fund as provided by law.
(9)To the Louisiana Education Quality Trust Fund and Louisiana Quality Education Support Fund as provided in Article VII, Section 10.1 of this constitution.
(10)To the Coastal Protection and Restoration Fund as provided in Article VII, Section 10.2 of this constitution and as provided by law.
(11)To the Mineral Revenue and Audit Settlement Fund as provided in Article VII, Section 10.5 of this constitution and as provided by law.
(12)To the Budget Stabilization Fund as provided in Article VII, Section 10.3 of this constitution and as provided by law.
(13)An amount equal to the state general fund deposited into the Transportation Trust Fund and the Louisiana State Transportation Infrastructure Fund as provided by law.
(B)Allocation of Mineral Revenues. After the allocations and deposits provided in Paragraph (A) of this Section, the mineral revenues received in each year in excess of six hundred sixty million dollars and less than nine hundred fifty million dollars shall be allocated as follows:
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