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Mineral Trust Fund Panel Discussion

Louisiana: The State We're In

Details

Collection:LPB

Genre: Interview

Place Covered: Louisiana

Copyright Holder: Louisiana Educational Television Authority

Date Issued: 1981-11-06

Duration: 00:13:45

Subjects: Louisiana Legislative Session, 1981 | Louisiana. Legislature | LEGISLATION | Louisiana Investment Fund for Enhancement | Local governments | SPECIAL SESSIONS | Politics | MOUTON, EDGAR G. "SONNY" | STEIMEL, ED | Louisiana Association of Business and Industry

Contributors:

  • George, Beth Host
  • Mouton, Sonny Interviewee
  • Steimel, Ed Interviewee

Description

This segment from the November 6, 1981, episode of “Louisiana: The State We’re In” features an in-studio debate between Sonny Mouton, Executive Counsel to Governor Dave Treen, and Ed Steimel, the president of the Louisiana Association of Business and Industry (LABI), on how the state should spend the state’s mineral trust fund. The fund, which has been renamed the Louisiana Investment Fund for Enhancement, contains the money Louisiana received from the deregulation of the price of oil. They discussed: why the money is not being saved in a rainy day fund; the plan to provide aid to local governments; Steimel’s concerns on how the Legislature is spending money; the possibility of using the money for school construction; and when the money will be available for distribution. Host: Beth George