BATON ROUGE, LA – The State Bond Commission approved $290.7 million for projects statewide and more than $10 million in total savings at its August meeting, according to State Treasurer Ron Henson.
“Several school districts across the state took advantage of favorable market rates to save nearly $1.4 million,” said Treasurer Henson. “By taking advantage of these refinancing actions, similar to a mortgage refinance, these districts are able to free up funds that were previously going toward debt payments and use them for other student education expenses.”
Among the individual projects approved were:
Bossier Parish: $10 million in Revenue Bonds for additions, repairs and expansions to the CenturyLink Center in the City of Bossier.
Calcasieu Parish: $15 million in Revenue Bonds for the Louisiana Community Development Authority to make repairs and improvements to the City of Sulphur’s water and sewer utilities, streets, roads and drainage.
Calcasieu Parish: $10 million in Hospital Revenue Bonds for improvements to the medical facilities and equipment of the Southwest Louisiana Hospital Association.
East Baton Rouge Parish: $101 million in Lease Revenue Bonds for the Louisiana Public Facilities Authority for the Provident Group-Flagship Properties, LLC – Louisiana State University Greenhouse District (Phase II) Project for the design, renovation and construction of student housing facilities consisting of a new Cedar Hall, renovation of Evangeline Hall, renovation of Highland Hall, new greenhouse facilities, and the demolition of Kirby Smith Hall and existing greenhouse facilities. The commission also approved a ground lease agreement and facilities lease for the project.
Lafayette Parish: $70 million in Utilities Revenue Refunding Bonds for the City of Lafayette to refinance debt, saving $4.4 million.
Louisiana Public Facilities Authority: $20 million in Revenue Refunding Bonds for the Louisiana Public Facilities Authority to refinance debt for the Department of Public Safety Project, saving $3.38 million.
Orleans Parish: $9.5 million in Multifamily Housing Revenue Bonds (Volume Cap) for the construction, rehabilitation and equipping of a 56-unit multifamily apartment facility in New Orleans (Iberville On-Site Phase VII Project).
Ouachita Parish: $8.8 million in General Obligation School Refunding Bonds for the East Ouachita Parish School District to refinance debt, saving $393,344.
St. Tammany Parish: $7 million in Taxable Utilities Revenue Bonds for the Town of Abita Springs to make waterworks, sewer and natural gas system improvements for the DEQ project.
Tangipahoa Parish: $1.2 million in Revenue Bonds for the Town of Kentwood for the construction and equipping of recreational facilities.
Tangipahoa Parish: $180,000 in Taxable Sewer Revenue Bonds and a loan agreement between the Village of Tangipahoa and the Parish of Tangipahoa to make wastewater collection, treatment and disposal system improvements for the DEQ project.
Terrebonne Parish: $9 million in Hospital Revenue Refunding Bonds for the Hospital Service District No. 1 to refinance debt, saving $615,859 for the Terrebonne General Medical Center Project.
Vernon Parish: $14.5 million in General Obligation School Refunding Bonds for the Leesville School District No. 16 to refinance debt, saving $703,629.
Vernon Parish: $6.2 million in General Obligation Refunding Bonds for the Vernon Parish Police Jury to refinance debt, saving $221,894.
Webster Parish: $8 million in General Obligation School Refunding Bonds for the Doyline School District No. 7 to refinance debt, saving $257,032.
Webster Parish: $300,000 in Sewer Revenue Refunding Bonds for the Town of Sibley to refinance debt, saving $58,249.