SB 367 — WATER MANAGEMENT: Creates the Watershed Restoration and Conservation Fund. (8/1/26) (EN INCREASE SD EX See Note)

SLS 26RS-348 ENGROSSED Regular Session ENROLLED SENATE BILL NO.

367 BY SENATOR EDMONDS WATERAN MANAGEMENT.ACT To enact R.S.

Creates the Watershed Restoration and Conservation Fund.

(8/1/26) AN ACT To enact R.S.

and to provide for relatedan matters.effective date;

to provide for related matters.

There is hereby established in the state treasury a special fund to be known as the "Watershed Restoration and Conservation Fund", hereinafter referred to in this Section as the "fund".

The purpose of the fund shall be to support the reclamation, restoration, and long-termstewardshiplong-term stewardship of lands and watersheds within the Amite River Basin Drainageimpacted by sand and Watergravel Conservationmining District.operations, with priority given to flood-prone areas and impaired watersheds.

C.C.AfterallocationofmoneytotheBondSecurityandRedemptionFund as provided in Article VII, Section 9(B) of the Constitution of Louisiana, the treasurer shall deposit into the fund one hundred percent of the portion of recurring severance tax revenues collected on sand severed from within the geographic boundaries of the district that would have been deposited into the state general fund after allocations of such revenues otherwise required by the Constitution of Louisiana and the Louisiana Revised Statutes of 1950.

AfterMonies allocationdesignated offor money to the Bondfund Security and Redemptionreceived Fundby asthe providedstate intreasurer Articlefrom VII,donations, Sectiongifts, 9(B)grants, ofor theother Pagerevenue 1shall ofbe 3deposited Coding:into the fund.

D.Moniesin the fund shall be invested in thesamemanneras monies in Page 1 of 2 Coding:

SLS 26RS-348 ENGROSSED SB NO.

367 ConstitutionENROLLED of Louisiana, the treasurerstate shallgeneral depositfund. into the fund any monies transferred, donated, or appropriated to the fund by the legislature.

D.

Monies in the fund shall be invested in the same manner as monies in the state general fund.

TheMonies legislaturein maythe appropriatefund moniesshall frombe theappropriated fund to the boardCoastal ofProtection commissionersandRestorationAuthorityforusebytheboardofcommissionersfortheAmite of the Amite River Basin Drainage and Water Conservation District for anyuse purposeas authorizedprovided pursuantin toSubsection B of this Section.

TheF. original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Senate Legislative Services.

TheAn keyword,annual summary,report anddetailing digestthe doreceipts, notexpenditures, constituteand partfunded activities of the lawWatershed orRestoration proofand orConservation indiciaFund shall be submitted by the board to the House Committee on Natural Resources and Environment and the Senate Committee on Natural Resources by March first of legislativeeach intent.calendar year.

[R.S.Section 2.

1:13(B)This andAct 24:177(E)]shall DIGESTbecome SBeffective 367on EngrossedJuly 20261, Regular2026. Session Edmonds Proposed law creates the Watershed Restoration and Conservation Fund to support the reclamation, restoration, and long-term stewardship of lands and watersheds within the Amite River Basin Drainage and Water Conservation District.

Proposedlawrequiresthetreasurertodepositintothefundanymoniestransferred,donated,PRESIDENT orOF appropriatedTHE toSENATE theSPEAKER fundOF byTHE theHOUSE legislature.OF REPRESENTATIVES GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

FurtherPage requires2 thatof monies2 inCoding: the fund be invested in the same manner as monies in the state general fund.

Anyinterest earned on the investment of monies in the fund shall be credited to the fund.

Unexpended and unencumbered monies in the fund at the end of the fiscal year shall remain in the fund.

Proposed law authorizes the legislature to appropriate monies from the fund to the board of commissioners of the Amite River Basin Drainage and Water Conservation District for any purpose authorized pursuant to proposed law.

Effective August 1, 2026.

(Adds R.S.

38:3310) Summary of Amendments Adopted by Senate Committee Amendments Proposed bySenate Committee on Finance to the original bill 1.

Change the purpose of the fund to stewardship of lands and watersheds within the Amite River Basin Drainage and Water Conservation District.

Page 2 of 3 Coding:

Words which are struck through are deletions from existing law;

words in boldface type and underscored are additions.

SLS 26RS-348 ENGROSSED SB NO.

367 2.

Provide for the transfer, deposit, and uses of monies in the fund.

3.

Authorizethelegislaturetoappropriatemoniesfromthefundto theboardof commissioners of the Amite River Basin Drainage and Water Conservation District for any purpose authorized pursuant to proposed law.

4.

Remove provisions allocating severance tax revenues.

5.