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8g Royalties Settlement (1986)

Louisiana: The State We're In

Details

Collection:LPB

Genre: Newsmagazine

Place Covered: Louisiana

Copyright Holder: Louisiana Educational Television Authority

Date Issued: 1986-04-11

Duration: 00:05:48

Subjects: STATE BUDGET | Louisiana. Legislature | Offshore oil and gas leases

Contributors:

  • Johnson, Ken Host
  • Guste, William Speaker
  • Bruneau, Peppi Interviewee
  • Forster, Garey Interviewee
  • Gomez, Ron Interviewee
  • Russell, Robert Interviewee
  • Sevario, Joseph Interviewee
  • Ackal, Bo Interviewee

Description

This segment from the April 11, 1986, episode of the series “Louisiana: The State We’re In” features Ken Johnson’s report on the disagreement in the Louisiana Legislature over how to spend the $605 million settlement from the federal government for 8g offshore oil and gas royalties. Johnson reports that voters will vote on a constitutional amendment allocating the majority of the money to an education trust fund on the September 27th ballot. His report includes: Louisiana Attorney General William Guste announcing the end of the state’s lawsuit against the federal government; Governor Edwin Edwards announcing his support for using some of the money to fix the state’s budget deficit; and state legislators discussing the possibility of using some of the settlement for an economic development trust fund. Johnson interviews: State Representative Peppi Bruneau; State Representative Garey Forster; State Representative Ron Gomez; State Representative Robert Russell; State Senator Joseph Sevario; and State Representative Bo Ackal.