DALLAS — Louisiana Treasurer John N. Kennedy has urged Gov. Bobby Jindal to develop a financial contingency plan in case BP Corporation North America Inc. declares bankruptcy due to the enormous costs associated with its oil spill in the Gulf of Mexico.

In a letter delivered to the governor Friday morning, Kennedy said BP may not have the financial resources needed to fully compensate the five Gulf Coast states and their citizens for damages and expenses due to the April 20 oil well blowout.

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