BATON ROUGE, LA – At the January 16 meeting of the State Bond Commission, local governments benefited from roughly $31.1 million in funding for public projects and approximately $449,000 in savings from refinancing existing public debt, according to State Treasurer John Kennedy.

“We signed off on a number of projects to improve necessary public services in more than three parishes,” said Treasurer Kennedy. “Taxpayers in Vernon Parish also will benefit because the School Board took advantage of lower interest rates to refinance debt and save nearly half a million dollars.”

Among the individual projects approved were:

Concordia Parish, Town of Ferriday, $1.3 million in Water Revenue Bonds: for waterworks system improvements and equipment.

Jefferson Parish, City of Harahan (DEQ Project), $4 million in Taxable Sewer Revenue Bonds: for wastewater system improvements and equipment.

Jefferson Parish, Jefferson Parish Council, Consolidated Sewerage District No. 1 (DNR Capitalization Loan Program), $2.3 million in Revenue Bonds: to improve the East Bank Wastewater Treatment Plant pumping system and to replace pumps at the Terrytown #2 Wastewater Pump Station.

Lafayette Parish, City of Lafayette, $23.5 million Public Improvement Sales Tax Bonds: for public works and capital improvements.

Likewise, the Commission approved approximately $449,000 in savings for local governments by refinancing existing debt. Among the savings were:

Vernon Parish, Vernon Parish School Board, Orange School District No. 145, $3.1 million in General Obligation School Refunding Bonds: approximately $317,000 in savings.

Vernon Parish, Vernon Parish School Board, Wardwide School District No. 151, Ward 8, $1.38 million in General Obligation School Refunding Bonds: approximately $132,000 in savings.

Contact:
Sarah Mulhearn
(225) 342-0012
smulhearn@treasury.state.la.us