House Bill No. [insert bill number] appropriates $10,000 from the State General Fund for the fiscal year 2024-2025 to cover a consent judgment in the case "Direct General Insurance Co. of Louisiana v. Tonia Boggs et al." This judgment is consolidated with another case involving William Tyler Walker and FCCI Insurance Company, and it pertains to the state of Louisiana, specifically through the Department of Transportation and Development, and MLA Logging, LLC. The bill outlines that the payment will cover principal, interest, court costs, and expert witness fees as awarded in the judgment, and it stipulates that the judgment must be final for payment to be made.
Additionally, the bill includes provisions that clarify the relationship between the judgment and the proposed law, stating that if there are any conflicts, the judgment will take precedence. It also specifies that interest on the judgment will cease to accrue as of the effective date of the proposed law. The act will become effective upon the governor's signature or after the designated time for gubernatorial action if not signed.