Louisiana SB492 amends mineral rights law for acquisitions by economic development projects.
Louisiana SB492 modifies the state's mineral rights law, specifically for acquisitions by economic development projects. The bill removes the 20-year prescription of nonuse for mineral rights when land is acquired by an acquiring authority or other person through sale, exchange, donation, or other contract. It also provides that the secretary's certification that the acquisition serves a public purpose interrupts the prescription of mineral rights while title remains with the acquiring authority. Effective August 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.