Little-noticed fund at heart of new Kennedy, Edwards dispute - KATC.com | Continuous News Coverage | Acadiana-Lafayette

Little-noticed fund at heart of new Kennedy, Edwards dispute

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Associated Press

BATON ROUGE, La. (AP) - The latest quarrel between Republican U.S. Sen. John Kennedy and Democratic Gov. John Bel Edwards centers on a little-noticed pot of unclaimed money that Louisiana collects on behalf of residents who are owed the cash.

Kennedy wants to use $150 million from the unclaimed property fund to help finance a flood-control project in the Baton Rouge region that has been on the drawing board for three decades.

Gov. John Bel Edwards calls the idea of working on the Comite River Diversion Canal with unclaimed property money unrealistic.

It's another clash ahead of a 2019 governor's race that could feature Kennedy challenging Edwards for the job.

State Treasurer John Schroder, a Republican, would have to agree to the financing maneuver. As of Monday, he hadn't commented publicly on the idea.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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