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LA SB168
Bill
AI Summary
- Establishes a 5-year liberative prescription period for the state to collect bonuses, rentals, royalties, shut-in payments, and other sums owed under state mineral leases
- Overrides existing law (Civil Code Article 3494(5)) which provides a 3-year prescription period for mineral royalty disputes but explicitly excludes state-owned properties
- Applies specifically to mineral leases entered into under Subpart (A) of Part II of Chapter 2 of Subtitle I of Title 30 of the Louisiana Revised Statutes
- Original bill proposed a 10-year prescription period, which was reduced to 5 years through Senate Natural Resources Committee amendment
- Effective August 1, 2025
Legislative Description
Provides for liberative prescription on mineral leases on state property. (8/1/25)
PRESCRIPTION
Last Action
Read by title, returned to the calendar.
5/27/2025
Committee Referrals
Civil Law and Procedure4/24/2025
Natural Resources4/14/2025
Judiciary A4/4/2025
Full Bill Text
No bill text available