La. Admin. Code tit. 43 § V-525

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-525 - Purpose [Formerly LAC 43:I.925]

A. It is the purpose of these regulations, and in the best interest of the state, to establish a program to provide a mechanism for taking state royalty oil volumes in kind and for the disposition by sales or processing contracts, in a fair and equitable manner, of available supplies of such state royalty oil to eligible refiners within the state, with the intent thereby to increase the supplies of gasoline, diesel or other fuel products available to Louisiana citizens.

La. Admin. Code tit. 43, § V-525

Promulgated by the Department of Natural Resources, Office of the Secretary, LR 6:133 (March 1980), amended by the Department of Natural Resources, Office of Mineral Resources, LR 34:256 (February 2008), repromulgated LR 411729 (9/1/2015).

AUTHORITY NOTE: Promulgated in accordance with R.S. 30:142.