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LA SB187
Bill
Status
2/26/2026
Primary Sponsor
Thomas Pressly
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AI Summary
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Creates the "Oil and Gas Severance Subfund" within the existing Parish Transportation Fund in the state treasury, effective July 1, 2026
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Dedicates no less than 5% of total state severance taxes on oil and gas to the subfund beginning fiscal year 2026-2027, plus any additional funds appropriated by the legislature
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Restricts subfund use to restoring and maintaining public roads and bridges within parishes that facilitate oil and gas industry operations and activities
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Prohibits parishes from using subfund deposits to secure or issue bonds
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Distributes subfund monies to parishes on a pro-rata basis, subject to constitutional limitations under Article VII, Section 4(D)(3)
Legislative Description
Creates the Oil and Gas Severance Subfund in the Parish Transportation Fund. (7/1/26)
FUNDS/FUNDING
Last Action
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Finance.
3/9/2026