House Bill No. by Representative Orgeron proposes an amendment to Article VII, Section 10.2(E)(1) of the Louisiana Constitution concerning the allocation of federal revenues from alternative energy production on the Outer Continental Shelf. The amendment aims to expand the definition of eligible energy sources to include not only oil and gas but also wind, solar, tidal, wave, geothermal, and other alternative or renewable energy sources. This change would ensure that all federal revenues generated from these energy activities are deposited into the Coastal Protection and Restoration Fund.
The proposed amendment will be submitted to the voters of Louisiana during the statewide election scheduled for November 5, 2024. The ballot will present a proposition asking electors whether they support the amendment to require that federal revenues from Outer Continental Shelf alternative or renewable energy production be allocated to the Coastal Protection and Restoration Fund.