BATON ROUGE, LA – The State Bond Commission approved over $30 million in savings by refinancing existing public debt and $17 million for projects statewide at its June 21st meeting, according to State Treasurer John Kennedy.

“We saved the taxpayers $30 million by signing off on the refinancing of public debt in 11 parishes,” said Treasurer Kennedy. “The Bond Commission gave approval for bonds to acquire a fire truck in Welsh, as well as various infrastructure and capital improvement projects across the state.”

Among the individual projects the Bond Commission approved are:

  • Acadia Parish, City of Crowley, $1.9 million in Wastewater Revenue Bonds: For public works construction and improvements and to pay capitalized interest.
  • Avoyelles Parish, Avoyelles Parish Law Enforcement District, $750,000 Promissory Note: For current expenses.
  • Calcasieu Parish, Waterworks District No.4, Ward 4, $2 million in Water Revenue Bonds: For construction and improvements to the waterworks system.
  • Catahoula Parish, Catahoula Parish Law Enforcement District, $500,000 Certificate of Indebtedness: For current operations.
  • Jefferson Davis Parish, Town of Welsh, $262,000 Certificates of Indebtedness: To purchase a fire truck and related equipment.
  • Rapides Parish, Rapides Parish Police Jury, Road District No. 2C, $1.3 million in Limited Tax Certificates of Indebtedness: For construction and maintenance of public roads, highways and bridges.
  • Richland Parish, Town of Rayville, $1.19 million in Bond Anticipation Notes: For interim financing.
  • St. Landry Parish, St. Landry Parish School Board, $3.5 million in Revenue Anticipation Notes: For current expenses.
  • St. Martin Parish, City of St. Martinville, $2 million in Utilities Revenue Bonds: For sewer and sewerage disposal works improvements and construction.
  • St. Tammany Parish, Recreation District No. 11, $1 million in Limited Tax Certificates: For construction and improvements to parks and recreational facilities.
  • Tensas Parish, Tensas Parish Law Enforcement District, $1.25 million in Revenue Anticipation Notes: For current expenses.
  • Vernon Parish, Town of New Llano, $300,000 in Water Revenue Bonds: For extensions and improvements to the waterworks system.
  • Vernon Parish, South Vernon Waterworks District No.1, $825,000 in Water Revenue Bonds: For improvements and extensions to the Waterworks System.
  • Washington Parish, Washington Parish Law Enforcement District, $1.1 million in Revenue Anticipation Notes: For current expenses.

The Commission also approved over $30 million in savings for local governments by refinancing existing debts. Among the refinancings approved were:

  • Acadia Parish, Town of Church Point, $156,000 in savings.
  • Avoyelles Parish, Avoyelles Parish School Board, $22,400 in savings.
  • Bossier Parish, City of Bossier City, $232,000 in savings.
  • Evangeline Parish, Evangeline Parish School Board, $149,000 in savings.
  • Lafayette Parish, City of Carencro, $469,672 in savings.
  • Lafourche Parish, Water District No.1, $270,000 in savings.
  • Natchitoches Parish, Natchitoches Parish School Board, Consolidated School District No. 7, $407,000 in savings.
  • Natchitoches Parish, Natchitoches Parish, Waterworks District No.2, $29,000 in savings.
  • Orleans Parish, City of New Orleans, $25 million in savings.
  • Orleans Parish, Port of New Orleans, $2.2 million in savings.
  • St. Bernard Parish, St. Bernard Parish Council, $1,754,000 in savings.
  • St. Martin Parish, City of St. Martinville, $174,000 in savings.
  • St. Tammany Parish, Town of Abita Springs, $66,000 in savings.

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.

Contact:
Amber King
(225) 342-0012