After failing on two previous occasions, the Bond Commission approved a 39-million dollar future line of credit for a new power plant for New Orleans drainage pumps. Attorney General Jeff Landry pushed to delay the funding, because he says New Orleans officials pledged not to enforce the state’s abortion ban. Angelique Freel, Civil Director of the Louisiana Department of Justice, spoke on Landry’s behalf…
Cut 4 (10) “…physical cost.”
After a spirited discussion, the Bond Commission voted 11-to-1 to approve the future line of credit. It’s money the city will not see for at least a year, but Franklin Senator Bret Allain says if they keep delaying a vote on this project, it will impact others….
Cut 6 (07) “…is ridiculous”
Louisiana Citizens Insurance Corporation, the state’s insurer of last resort, has requested a 63-percent rate hike. The insurer says reinsurance costs have risen and the number of properties they cover has grown considerably as Insurance Commissioner Jim Donelon spells out…
cut 12 (14) “….114-thousand now”
Donelon says his actuaries will take a long look at Citizens request before approving.
The Federal Highway Administration approved the state’s Electric Vehicle infrastructure plan which will result in $73 million in federal funding over the next five years. Louisiana Transportation Secretary Shawn Wilson, says this money will be distributed to private companies that will own, install, and operate EV charging stations.
Cut 8 (10) “…the requirements.”