BATON ROUGE, LA - The State Bond Commission approved $375 million for projects statewide and approved more than $35 million in interest savings at its February 18 meeting, according to State Treasurer John Kennedy.

"We approved financing for public schools in Assumption and Lafayette parishes as well as for courthouse renovations in Livingston Parish," said Treasurer Kennedy. "We also approved more than $35 million in interest savings, which will benefit the public."

Among the individual projects approved were:

  • Assumption Parish, $5 million in Revenue Bonds for the Assumption Parish School Board: for acquiring, constructing, and improving public school facilities, including sites, furnishings and equipment.
  • Lafayette Parish, $80 million in Limited Tax Revenue Bonds for the Lafayette Parish School Board: for (a) constructing and acquiring capital improvements, (b) erecting and improving school buildings and related facilities and (c) acquiring the necessary equipment and furnishings.
  • Livingston Parish, $1.5 million in Revenue Bonds for the Communications District: for renovating a portion of the Livingston Parish Courthouse to provide offices, including all necessary furnishings and equipment.
  • Multiple parishes, $199 million in Refunding Revenue Bonds for Louisiana Public Facilities Authority's Entergy Louisiana, LLC Project: saving $35.2 million.
  • Pointe Coupee Parish, $1.3 million in Waterworks Revenue Bonds for Waterworks District No. 1: saving taxpayers $70,933.
  • St. Tammany Parish, $6.5 million in General Obligation Refunding Bonds for the city of Slidell: saving taxpayers $228,597.

 

The Louisiana State Bond Commission meets monthly to review and approve applications from parishes, municipalities, special taxing districts, and other political subdivisions of the State requesting authority to incur debt. For more information, visit www.LATreasury.com.