Larry Richard: Support GOMESA efforts for Iberia Parish
Iberia Parish President Larry Richard is asking the public’s help in supporting legislative attempts to secure GOMESA Funds.
Richard said he attended several meetings last week in Washington to discuss GOMESA funds in Iberia Parish.
“Many of you may be aware that GOMESA revenues are the most important funding stream for the coastal program in Louisiana,” Richard said.
The Gulf of Mexico Energy Security Act of 2006 (GOMESA) created a revenue sharing arrangement for certain Outer Continental Shelf (OCS) oil and gas leases with the Gulf Coast producing states of Alabama, Louisiana, Mississippi and Texas. This includes the coastal political subdivisions of those states.
Currently, Richard said there is legislation moving in Congress that would allocate OCS revenues to federal programs without increasing the amount of GOMESA revenues to be shared with Louisiana, Texas, Mississippi and Alabama.