Proposed Constitutional Amendment increases the maximum amount remitted to the parish in which severance or production occurs to $1,850,000 effective July 1, 2009 and to $2,850,000 effective July 1, 2010; defines "excess severance tax" as the amount of severance tax remitted to a parish which is in excess of the amount of severance tax remitted to the parish for the fiscal year prior July 1, 2009; provides that at least 50% of the excess severance tax received by a parish in a fiscal year shall only be used within the parish in the same manner and for the same purposes as money received by the parish from the Parish Transportation Fund or its successor; provides that beginning July 1, 2009, after deposit to the Bond Security and Redemption Fund, payment of royalties to the parishes and payment into the Louisiana Wildlife and Fisheries Conservation Fund, 50% of the revenues received from severance taxes on state lands in the Atchafalaya Basin each fiscal year, not to exceed $10,000,000 each fiscal year, shall be deposited into the Atchafalaya Basin Conservation Fund. The money in the fund shall be appropriated to the Department of Natural Resources to be used exclusively to fund projects contained in the state or federal Basin master plans or an annual Basin plan developed by an Atchafalaya Basin Research and Promotion Board and other advisory or approval boards which the legislature shall create and provide for by law within the Atchafalaya Basin Program; or to provide match for the Atchafalaya Basin Floodway System, Louisiana Project; and provides that 85% of the money allocated in a fiscal year shall be used for water management, water quality or access projects in the Atchafalaya Basin and 15% may be used to complete ongoing projects and for projects that are in accordance with the mission statement of the state master plan. Further provides that a maximum of 5% of the money allocated in any one fiscal year may be used for the operational costs of the program or the Department of Natural Resources.