Louisiana Treasurer Calls for Bonds, Not Bankruptcy, for Ailing Issuers

Desue, Tedra
April 2006
Bond Buyer;4/12/2006, Vol. 356 Issue 32359, p36
Trade Publication
The article reports on the objection Louisiana Treasurer John Kennedy in resorting to bankruptcy as a solution for ailing issuers to pay debts after Hurricane Katrina hit the state in 2005. In a letter addressed to Louisiana Governor Kathleen Blanco, Kennedy listed several issuers, including New Orleans, for which debt payments are looming. He argued that assistance could be provided by the state under the federal Gulf Opportunity Zone Act, which was passed in 2005.


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