Added fund uses urged
State needs money for ongoing projects
Wednesday, April 01, 2009
By Jan Moller
Capital bureau
BATON ROUGE -- A $415 million incentive fund designed to land large-scale economic development projects could be more than half depleted before the state lands a major deal, if Gov. Bobby Jindal's administration has its way.
With the state's ability to borrow constrained by falling revenues and shaky credit markets, the administration is proposing to use its Mega-Project Development Fund to finance four projects that have already been inked, including two in the New Orleans area.
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