80°
Baton Rouge, Louisiana
3 Day Outlook
Thu
87°
67°
10%
Fri
86°
56°
20%
Sat
75°
50°
40%

Latest Weather Blog

Follow our weather team on social media

Jindal seeking to rework 'rainy day' repayment

1 year ago Friday, March 14, 2014 10:03:33 AM CDT March 14, 2014 Friday, March 14 2014 Mar 14, 2014 in News
Source: Associated Press

BATON ROUGE - Gov. Bobby Jindal's administration wants to use Gulf oil spill recovery money to help refill the state's "rainy day" fund and settle a pending lawsuit over its use.

The idea is tucked into a budget bill filed this week for consideration by lawmakers. It would steer dollars that BP is expected to pay for the state's claims of economic damage caused by the massive 2010 spill. Those claims are the subject of ongoing federal litigation.

The rainy day fund was tapped twice in recent years to help close state budget gaps. A 2010 lawsuit claimed that lawmakers and the governor needed to refill the fund after its use, which comes with an estimated $330 million price tag.

The repayment plan is proposed in a bill sponsored by Rep. Jim Fannin.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
83°
66°
Thu
Partly Cloudy
87°
67°
Fri
Mostly Sunny
86°
56°
Sat
AM Showers
75°
50°
Sun
PM Showers
77°
64°