Amendment 1 - Outer Continental Shelf Revenues for Coastal Protection and Restoration Fund Amendment

Summary

This Amendment would allocate federal revenues that are received by the state generated from Outer Continental Shelf energy production to the Coastal Protection and Restoration Fund.

A "yes" vote for this measure means federal revenues that are received by the state generated from Outer Continental Shelf energy production will be allocated to the Coastal Protection and Restoration Fund.

A "no" vote for this measure means federal revenues that are received by the state generated from Outer Continental Shelf energy production will not be allocated to the Coastal Protection and Restoration Fund.

Arguments

"Orgeron told the House Committee on Appropriations on March 19 that if the change isn't made, 25% of any Gulf alternative energy production royalties would go to the state's Mineral and Energy Operations Fund and the remainder to the state's General Fund. He said since most of the state's coastal restoration funds come from the Deepwater Horizon settlement, which will end in 2031, the state needs to find new sources of revenue to fund coastal restoration projects." - Steve Wilson, in support of Amendment 1 (Learn more)

"I'm not sure I see the fairness there, and again, I'm not opposed to what you are doing. I just don't see where we can give all to one group and very little to another. We've all got the same issues getting things fixed and getting things back together." - Rep. Larry Bagley (R), in opposition to Amendment 1 (Learn more)

Measure Details