Louisiana House Bill HB250

Louisiana 2014 Regular Session

• Introduced: 3/10/14
• Refer: 3/10/14

Caption

Appropriates funds for payment of judgment in the matter of "Jean Boudreaux and the Victims of the Flood of April 6, 1983, on the Tangipahoa River v. State of La., et al"

Impact

This bill's passing signifies the state’s commitment to fulfill its financial obligations resulting from the lawsuit. By appropriating such a sizable amount, the legislation seeks to resolve a long-standing financial liability for the state and its associated agencies, which have been under scrutiny due to the impact of the flood on the affected communities. The successful allocation of funds is intended to verify that justice is served to those who suffered damages in the incident over three decades ago.

Summary

House Bill 250 appropriates funds from the state general fund to pay a judgment awarded in the class action lawsuit 'Jean Boudreaux and the Victims of the Flood of April 6, 1983 on the Tangipahoa River v. State of Louisiana, et al'. The total sum allocated is $91,824,720.79, plus interest accumulating from April 6, 1984, until the payment is made. The funds are to be held in an escrow account managed by Hancock Bank, ensuring that the plaintiffs receive the settlement agreed upon in the court's judgment.

Sentiment

The sentiment surrounding HB 250 appears supportive, as it addresses a critical financial commitment linked to a historic lawsuit. There is a general consensus that fulfilling this obligation is necessary for restoring faith in governmental accountability. However, discussions may reflect some apprehension regarding the substantial financial impact this judgment may have on the state's economic resources and future budget planning.

Contention

The primary point of contention around HB 250 relates to the financial implications of such a large appropriation from the state's general fund. Some legislators may express concerns about the precedence it sets for future claims against the state and the management of public funds, particularly in light of competing budgetary needs. While many acknowledge the necessity of the payment, there may also be discussions about ensuring such situations are adequately prepared for in future state budgeting practices.