Jindal seeking to rework 'rainy day' repayment
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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Soldier reunites with family and friends at Baton Rouge airport
Teen crash victim remembered with balloon release
After a dozen floods, man moves into flood-free home
INVESTIGATIVE UNIT: State Police back out of investigation into Sheriff Captain
Mother in critical condition after shooting on Lake Lawford Ct.