Louisiana House Bill HCR46

Louisiana 2016 Regular Session

• Introduced: 4/4/16
• Refer: 4/5/16

Caption

Requests the governor review all contracts and cooperative endeavor agreements with the Saints and Pelicans

Impact

If enacted, HCR46 could lead to significant changes in the financial agreements the state has with these professional sports teams. By urging the governor to seek renegotiations, the resolution aims to identify potential savings that could help alleviate the financial pressures faced by the state. This could potentially alter the scope and terms of the state’s support for these teams, which currently includes various subsidies. The outcome of the review process may influence future funding and support structures for professional sports in Louisiana.

Summary

House Concurrent Resolution 46 (HCR46), introduced by Representative Terry Brown, calls for a comprehensive review of all contracts and cooperative endeavor agreements between the State of Louisiana and the New Orleans Saints and Pelicans. The resolution encourages Governor John Bel Edwards to renegotiate these agreements with the intent to reduce costs and address the state's fiscal challenges. The resolution reflects the state's ongoing efforts to find savings amidst budgetary constraints and is part of a broader examination of governmental expenditures.

Sentiment

The sentiment surrounding HCR46 appears to be generally pragmatic, with a focus on financial responsibility. Supporters of the measure see it as a necessary step toward ensuring that public funds are used efficiently and that the state is not overcommitting in its financial obligations to these teams. Nonetheless, there is a nuanced perspective, as some stakeholders may be concerned about the implications of renegotiations on the teams' financial stability and the potential effects on local economies dependent on these franchises.

Contention

While HCR46 is primarily focused on cost-saving efforts, it raises questions about the balance between state financial prudence and support for local professional sports teams. Some critics may argue that renegotiating contracts could undermine the relationship between the state and these franchises, possibly leading to a deterioration of team operations or a negative impact on the communities that benefit from their presence. The resolution invites a debate on the worth of public subsidies for sports teams in light of the state's fiscal priorities.