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Treasurer Kennedy: ‘Oil settlement money for coastal restoration only’

March 27, 2015

BATON ROUGE, LA (KPLC) – The Board of Regents supported a proposal on Wednesday to be sponsored by New Orleans Rep. Walt Leger that targets money Louisiana is expected to receive from BP to pay for economic damage caused by the massive 2010 spill, but State Treasurer John Kennedy thinks the money should be used towards rebuilding the coast.