COASTAL RESOURCES: (Constitutional Amendment) Provides relative to the disposition of funds derived from alternative energy production in the coastal area (EN SEE FISC NOTE GF RV See Note)

This bill proposes a constitutional amendment to require that federal revenues generated from alternative energy production on the Outer Continental Shelf be deposited into Louisiana's Coastal Protection and Restoration Fund. The amendment would expand the definition of eligible energy sources to include not only oil and gas but also wind, solar, tidal, wave, and geothermal energy. If approved by voters in the November 2024 election, this change would direct these specific funds toward coastal protection and restoration efforts rather than the state's general budget. The measure is currently under review by legislative committees and requires a two-thirds vote in both houses before it can be placed on the ballot.