Panel also approved more than $15 million in savings

BATON ROUGE, LA – The State Bond Commission approved $261 million for projects statewide and saved taxpayers more than $5 million at its January 15 meeting, according to State Treasurer John Kennedy.
“We saved money for taxpayers across the state by refinancing debt,” said Treasurer Kennedy. “It’s important to capture these savings while we can. We also approved funding that will improve fire protection, build a plant in a rural part of Louisiana and make a waterworks system better.”
Among the individual projects approved were:

  • Ascension Parish, $38 million in General Obligation School Refunding Bonds for the Ascension Parish School Board, Parishwide School District: saving taxpayers $1.9 million.
  • Caddo Parish, $400,000 in Limited Tax Certificates of Indebtedness for Caddo Parish Fire District No. 3: for acquiring, constructing and improving fire protection facilities and/or purchasing fire trucks and other firefighting equipment.
  • East Baton Rouge Parish, $75 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s St. James Place of Baton Rouge Project: for, among other things, financing certain improvements to the properties and facilities.
  • Iberia Parish, $6 million in Revenue Bonds for the Iberia Parish Council: for constructing, improving and replacing certain roads and bridges, including appurtenant rights-of-way.
  • Iberville Parish, $8.145 million in Sales Tax Revenue Bonds for the city of St. Gabriel: for (1) acquisition, rehabilitation, improvement and expansion of certain infrastructure projects and (2) funding a reserve fund.
  • Iberville Parish, $3.6 million in Sewer Revenue Refunding Bonds for the city of St. Gabriel: saving taxpayers $130,000.
  • Iberville Parish, $5.25 million in Sales Tax Revenue Refunding Bonds for the city of St. Gabriel: saving taxpayers $77,000.
  • Lafourche Parish, $7 million in Public Improvement Revenue Refunding Bonds, for the Lafourche Parish Council, Road Sales Tax District No. 2: saving taxpayers $300,000.
  • Lafourche Parish, $8.5 million in General Obligation School Refunding Bonds for the Lafourche Parish School Board, Consolidated School District No. 1: saving taxpayers $212,000.
  • LaSalle Parish, $25 million in Solid Waste Disposal Facility Revenue Bonds for the Louisiana Public Facilities Authority’s Louisiana Pellets, Inc. Project: for constructing, installing, acquiring and equipping certain solid waste disposal facilities consisting of a wood pellets production plant which produces wood waste to manufacture biomass wood pellets, located in Urania, LaSalle Parish.
  • Natchitoches Parish, $2 million in Taxable Utilities Revenue Bonds for the city of Natchitoches: for acquiring and constructing additions, extensions and improvements to the drinking water portion of the city’s combined waterworks plants and system, electric power and light plant and system and sewer utility system, including equipment and fixtures.
  • Orleans Parish, $27 million in Limited Tax Revenue and Refunding Bonds, Series 2015, for the city of New Orleans: saving taxpayers $1.3 million.
  • Orleans Parish, $3.1 million in Revenue Refunding Bonds for the Board of Supervisors for the University of Louisiana System’s University of New Orleans Wellness Center Project: saving taxpayers $353,000.
  • Ouachita Parish, $1.2 million in Revenue Bonds for the town of Sterlington: for acquiring, constructing and installing improvements, extensions and additions to the wastewater and sewer treatment system.
  • Ouachita Parish, $5 million in Revenue Bonds for the town of Sterlington: for acquiring, constructing and installing a water treatment facility with related infrastructure improvements, extensions, modifications and additions to the wastewater and sewer treatment system.
  • Rapides Parish, $6 million in General Obligation School Refunding Bonds for the Rapides Parish School Board, Consolidated School District No. 62: saving taxpayers $300,000.
  • St. James Parish, $11.2 million in General Obligation School Refunding Bonds for St. James Parish School Board, School District No. 1: saving taxpayers $240,000.
  • St. John the Baptist Parish, $13 million in Indebtedness for the Port of South Louisiana: for (1) approximately $9.75 million Taxable Grant Anticipation Notes (2) approximately $3.25 million Taxable Revenue Bonds for acquiring, constructing, equipping and installing an approximately 50,000 square-foot warehouse expansion to “Building 19” at the Port’s Globalplex facility in Reserve.
  • St. John the Baptist Parish, $14 million in Sales Tax Refunding School Bonds for St. John the Baptist Parish School Board: saving taxpayers $573,000.
  • St. Mary Parish, $1 million in Excess Revenue Bonds for the city of Patterson: for constructing and acquiring improvements, renovations and replacements to the waterworks system, including appurtenant equipment, accessories and properties.
  • St. Tammany Parish, $160,000 in Limited Tax Certificates of Indebtedness for St. Tammany Parish Fire Protection District No. 9: for acquiring, constructing and improving fire protection and emergency medical service facilities, vehicles and equipment.

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.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us