New state office to target debt collection
BATON ROUGE- A new state agency is being created to beef up Louisiana's efforts to collect delinquent accounts owed to the state.
Lawmakers who overwhelmingly agreed to set up the Office of Debt Recovery are hoping to drum up new dollars for the treasury in a state struggling through six years of budget woes. Gov. Bobby Jindal supports the effort and is expected to sign the bill into law.
Hammond Rep. Chris Broadwater, who spearheaded the effort, says funds should start rolling in with the new fiscal year that begins July 1.
It could generate as much as $200 million over five years, with up to $30 million collected in the 2013-14 fiscal year as the new office begins its work.