BATON ROUGE, LA – The State Bond Commission approved over $131 million for projects statewide at its November 21 meeting, according to State Treasurer John Kennedy.

“The Commission also gave the go-ahead for the state to issue an estimated $89 million in bonds for I-49 North and approximately $20 million in bonds for I-49 South,” said Treasurer Kennedy. “In late 2014 or early 2015, the state is planning to issue an additional estimated $65 million in bonds for I-49 South.”

Among the individual projects approved were:

– Acadia Parish, $500,000 in Certificates of Indebtedness: for fire protection facilities and equipment.

– Rapides Parish, $3.5 million in Certificates of Indebtedness: for purchasing school buses and equipment.

– St. Tammany Parish, Fire Protection District No. 9, $50,000 in Limited Tax Certificates of Indebtedness: for fire protection and emergency medical service facilities.

– Tangipahoa Parish, Tangipahoa Parish Water District, $7.175 million in Water Revenue Bonds: for waterworks system improvements.

– St. Charles Parish, Hospital Service District No. 1, $20 million Loan and New Market Tax Credit Transaction: for construction of the Plantation View Medical Office in Destrehan.

– Louisiana Housing Corporation,(Cyrus Homes Project), $4.5 million in Multifamily Housing Revenue Bonds: for the construction and equipping of a 32 unit multifamily apartment facility located in Jennings.

– Louisiana Community Development Authority, (East Carroll Parish Law Enforcement District Project), $16 million in Revenue Bonds: for the acquisition of a correctional facility.

– Calcasieu Parish, Calcasieu Parish Public Trust Authority (Mortgage Credit Certificate Program), $20 million in Single Family Mortgage Revenue Bonds or Mortgage Credit Certificates (Volume Cap): to acquire mortgage notes of property owned by low and moderate income people.

Louisiana Public Facilities Authority (St. Anthony’s Gardens Project), $60 million in Revenue Bonds: for the construction and equipment of a senior rental living community in St. Tammany Parish.

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