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LA HB537

Bill

Status

Introduced

4/4/2025

Primary Sponsor

Rodney Schamerhorn

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Creates a "carbon dioxide pipeline victim lien" allowing any person or property owner within a 25-mile radius ("kill zone") of a CO2 pipeline release to file a lien against all assets of pipeline owners, operators, and CO2 suppliers for damages including healthcare, death, disability, property damage, and punitive damages

  • Victims must file a financing statement within 365 days of a release to perfect the lien, which gains priority retroactive to the release date over all other security interests and liens, even those perfected earlier

  • Liability applies regardless of intent or fault, covering pipeline owners/operators and any business that supplies or generates the transported carbon dioxide

  • In bankruptcy or receivership proceedings, trustees or courts must hold owner assets in trust for 365 days after the owner's last day of control to allow time for victim liens to be filed

  • Lien remains effective until a termination statement is filed; victims must file termination within 30 days if the owner satisfies all obligations or if the victim relinquishes lien rights

Legislative Description

Authorizes liens for victims of CO2 pipeline disasters (OR SEE FISC NOTE GF EX)

ENVIRONMENT/QUALITY

Last Action

Read by title, under the rules, referred to the Committee on Natural Resources and Environment.

4/14/2025

Committee Referrals

Natural Resources and Environment4/4/2025

Full Bill Text

No bill text available