Louisiana Natural Resources Trust Authority
| Name | Louisiana Natural Resources Trust Authority |
| Contact Person | John C. Shiroda - Executive Director |
| Mailing Address |
617 North Third Street Baton Rouge, LA 70802 |
| Phone Number | 225-342-0103 |
| Fax Number | -- |
| Board Email | John.Shiroda@LA.GOV |
| Website | -- |
| Legal Authority | R.S. 36:356.1 |
| Year Created | 2024 |
| Organizational Placement | Department of Energy & Natural Resources |
| Purpose/Function | The Louisiana Natural Resources Trust Authority was created to help the state better manage its natural resources, particularly in the areas of energy and mineral resources. The NRTA is designed to ensure that companies operating in Louisiana meet their financial obligations, especially concerning the financial aspects of resource management and site operations. Key functions include 1) financial oversight to ensure companies have set aside enough money to cover the costs associated with their operations, such as the eventual closure of wells and other facilities, 2) strategic planning that includes assessing risks and ensuring that companies provide adequate financial security (like bonds or insurance) to cover their financial obligations, and 3) collaboration with the Office of Conservation, which handles the operational aspects, while the NRTA focuses on financial assurance. |
| Number of Entity Members: |
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| Number of Entity Meetings: |
Actual number in prior year:
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The Entity is: Active Inactive Not fully organized Disbanded Never fully organized |
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Do members receive per diem, salaries, and/or travel expense reimbursements? Yes No |
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Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds? Yes No |
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Entity Member Per Diem: Amount Authorized: $0 per meeting per meeting day per day spent on board business None |
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Total entity member per diem: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Salaries: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Travel Expense Reimbursement: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 0 Part-time: 0 |
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Entity Fiscal Year End: 4/30 7/31 10/31 Other (identify date) 6/30 9/30 12/31 None |
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Participation in State Employee Benefit Programs: Employees: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs Members: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs |
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A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments State Agency: Travel Reimbursements State Agency: Other (explain) State Agency: |
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Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2? Yes No If yes, identify the budget unit and the budget schedule number below: Budget Unit Name: Office of the Secretary Budget Schedule Number: 11-431 |
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| Notes | -- |