FUNDS/FUNDING: Dedicates severance tax revenue from oil and gas produced from certain stripper wells in the Caddo Pine Island Field to the Oilfield Site Restoration Fund and provides for the use of those monies (OR -$1,708,285 GF RV See Note)

HB 252 redirects 100% of severance tax revenue from small-volume oil and gas wells (known as "stripper wells") in Louisiana's Caddo Pine Island Field to the Oilfield Site Restoration Fund, instead of depositing it into the state general fund. This dedicated funding stream will specifically support oilfield site restoration and plugging orphan wells within the Caddo Pine Island Field. The bill modifies existing law to ensure these tax revenues - collected from producers in that specific field - are exclusively used for cleanup and restoration work there. It does not create new taxes or fees but changes the allocation of existing revenue.