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State voters pass amendment to see federal renewable energy revenue funneled into coastal restoration fund

4 hours 37 minutes 25 seconds ago Tuesday, November 05 2024 Nov 5, 2024 November 05, 2024 10:38 PM November 05, 2024 in News
Source: WBRZ

BATON ROUGE — Louisiana voters approved a proposed amendment to the state constitution that will see federal revenue from coastal renewable energy production be placed into a coastal protection and restoration fund as opposed to the state's general fund.

Under the current law, the Coastal Protection and Restoration Authority receives oil and gas money from sources at the state and federal levels. The amendment adds revenue from alternative energy sources to the coastal restoration fund. 

In voting for the amendment, voters chose to see federal revenue received from renewable and alternative energy on the coast placed into a coastal protection and restoration fund.

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