SLS 10RS-708 ORIGINAL Page 1 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2010 SENATE BILL NO. 382 BY SENATOR MORRELL COASTAL RESOURCES. Provides relative to integrated coastal protection and recovery for certain losses arising from business interruption. (8/15/10) AN ACT1 To enact R.S. 49:214.11, relative to hurricane protection, flood control and coastal2 restoration; to provide relative to recovery for certain losses arising from integrated3 coastal protection; to provide terms and conditions; and to provide for related4 matters.5 Be it enacted by the Legislature of Louisiana:6 Section 1. R.S. 49:214.11 is hereby enacted to read as follows: 7 ยง214.11. Right of action; business interruption; integrated coastal protection8 A. In addition to any other action authorized by law, there shall be a9 right of action to seek damages or compensation from the state or a political10 subdivision for losses arising from the interruption of a business activity as a11 result of integrated coastal protection.12 B. There shall be no recovery by the claimant for the first fifty thousand13 dollars of loss. Additionally, any amount recovered under the provisions of14 Subsection A shall be reduced by the amount of any insurance proceeds15 received by the claimant from a policy for business interruption.16 SB NO. 382 SLS 10RS-708 ORIGINAL Page 2 of 2 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by J. W. Wiley. DIGEST Proposed law provides that in addition to any other action authorized by present law, there will be a right of action to seek damages or compensation from the state or a political subdivision for losses arising from the interruption of a business activity as a result of integrated coastal protection. Proposed law provides that there will be no recovery by the claimant for the first $50,000.00 of loss. Further provides that any amount recovered under the provisions of proposed law will be reduced by the amount of any insurance proceeds received by the claimant from a policy for business interruption. Effective August 15, 2010. (Adds R.S. 49:214.11)