For Immediate Release: July 5, 2008
Contact: Chris Macaluso
(225) 342-3968
chris.macaluso@la.gov

Governor Jindal Announces Appointments to Coastal Protection and Restoration Financing Corporation

BATON ROUGE - Governor Bobby Jindal recently announced appointments to the Coastal Protection and Restoration Financing Corporation.

The Coastal Protection and Restoration Financing Corporation has the authority to carry out the financing, purchasing, owning and managing of the offshore royalty revenues and offshore royalty revenue assets. The board works closely with the Governor's Office of the Coastal Protection and Restoration Authority.

According to statute, the board is comprised of fifteen members. The board is comprised of the governor, the state treasurer, the attorney general, the president of the senate, the speaker of the House of Representatives, the chairman of the Coastal Protection and Restoration Authority, the secretary of the Department of Natural Resources, the secretary of the Department of Transportation and Development, or their designees, and seven members appointed by the governor, which are subject to senate confirmation. Each gubernatorial appointment is selected from each of the seven congressional districts. Angele Davis will serve as Governor Jindal's designee to the corporation.

"Funding is the the most essential element to all of our coastal restoration and hurricane protection efforts in Louisiana," said CPRA Chairman Garret Graves. "Governor Jindal has chosen a diverse and very knowledgeable group to lead our efforts to maximize the available funding so we can move forward on as many projects as possible in the coming years."

Appointments to the Coastal Protection and Restoration Financing Corporation:

John D. Becker, of Mandeville, is the founding principal and shareholder of the Companies of Becker & Suffern, a wealth management and consulting firm. Becker represents the 1st Congressional District.

Frank Bonifay, of Prairieville, is the owner of Alligator Bayou Tours and is a member of the Louisiana Environmental Action Network Board. Bonifay represents the 6th Congressional District.

Ted Falgout, of Galliano, is the executive director of the Port of Fourchon in Lafourche Parish. Falgout represents the 3rd Congressional District.

Bill Krutzer, of Monroe, is the chief executive officer of Stealth Manufacturing, LLC, and is a board member of the Ouachita Parish Economic Development Corporation. Krutzer represents the 5th Congressional District.

King Milling, of New Orleans, is the vice-chair of Whitney National Bank and is a member of the Office of State Planning Task Force. Milling represents the 2nd Congressional District.

Frederick Prejean Sr., of Lafayette, is the president of Empire Management, a business management services company. Prejean represents the 7th Congressional District.

Aubrey Temple Jr., of Deridder, is the President and chief executive officer of the Temple Group and has been in the insurance business since 1972, specializing in worker's compensation, claims administration, and risk management. Temple represents the 4th Congressional District.

For more information about the CPRA's efforts to rebuild and restore coastal Louisiana, please contact Chris Macaluso at (225) 342-3968 or by email at chris.macaluso@la.gov.