Minden Press-Herald

Friday
Aug 29th

Jindal wants to steer BP money to ‘rainy day’ fund

capitolweb

BATON ROUGE — Gov. Bobby Jindal's administration wants to use Gulf oil spill recovery money to help refill the Louisiana's "rainy day" fund and settle a lawsuit claiming the state needs to return roughly $300 million to the fund.

The proposal is tucked into a budget bill by Rep. Jim Fannin, R-Jonesboro, filed this week for consideration by lawmakers. It would steer dollars that BP PLC is expected to pay for the state's claims of economic damage caused by the massive 2010 spill.

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