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With New Law, Oil Money Flows to Gulf States
Finally, Louisiana will receive its fair share of oil and gas revenues from the Gulf of Mexico. For more than half a century, Louisiana’s members of Congress have been fighting for this law, and I am honored to be part of such a historic victory.
These revenues will help pay for important coastal, flood and hurricane protections. They will also give the state a much needed source of revenue as we continue rebuilding from Hurricanes Katrina and Rita, and these funds will provide the necessary resources to finish critical transportation and infrastructure projects throughout the state.
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