Louisiana Recovery Authority expects to fold with millions unspent
by David Hammer - Times-Picayune (excerpt)

The Louisiana Recovery Authority, the state agency established in the wake of Hurricane Katrina to oversee billions in rebuilding aid for parishes and individuals, is four months from shutting down. Topping the list of priorities in the LRA's final days is figuring out how much will be left over from the $13.7 billion the state received for the Road Home program, rental aid efforts and parish recovery projects -- and then trying to put one, last final stamp on how it should be used. The LRA board took its first step in that effort Thursday. While staffers couldn't nail down the exact amount of unspent money, it was clear that it is likely to be several hundred million dollars. It also appears that once the agency dissolves, legislative committees could set the agenda for the money, even if the board establishes a clear strategy for the cash before it disbands.