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Jindal seeking to rework 'rainy day' repayment

1 year ago March 14, 2014 Mar 14, 2014 Friday, March 14 2014 Friday, March 14, 2014 11:03:33 AM CDT in News
Source: Associated Press
By: Melinda Deslatte

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.

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