BATON ROUGE, LA – The State Bond Commission approved over $20 million in savings by refinancing existing public debt and over $231 million for projects statewide at its October 18th meeting, according to State Treasurer John Kennedy.

“We saved the taxpayers $20 million by signing off on the refinancing of public debt in 10 parishes and for the Louisiana Housing Corporation,” said Treasurer Kennedy. “In addition, the Bond Commission gave approval for bonds to finance a new Plaquemines Parish courthouse, campus renovations at Tulane University, and various infrastructure and capital improvement projects across the state.”

Among the individual projects the Bond Commission approved are:

  • Beauregard Parish, Waterworks District No.5, $750,000 in Water Revenue Bonds for improvements and extensions to the waterworks system; $750,000 in Bond Anticipation Notes for interim financing.
  • East Baton Rouge Parish, East Baton Rouge Parish Recreation and Park Commission, $13 million in Limited Ad Valorem Tax Revenue Bonds, to purchase equipment and for improvements and maintenance of public recreational facilities, parks, playgrounds and properties.
  • East Baton Rouge Parish, Louisiana Housing Corporation, $5 million in Multifamily Housing Revenue Bonds, for construction of the Elm Drive Senior Housing Project, a 60-unit multifamily apartment facility.
  • East Feliciana Parish, Town of Clinton, $760,000 Limited Tax Bonds, to acquire a building.
  • Iberia Parish, Village of Loreauville, $1,310,000 in Taxable Water Revenue Bonds, for improvements and extensions to the waterworks system.
  • Iberville Parish, City of Plaquemine, $8 million in Sales Tax Revenue Bonds, for extensions and improvements to the sewer system.
  • Lafayette Parish, City of Broussard, $20 million in Recreational Facility Sales Tax Revenue Bonds, to acquire and equip recreational facilities and related infrastructure and to fund a reserve fund.
  • Lafourche Parish, Lafourche Parish Council, Consolidated Sales Tax District A, $25 million in Public Improvement Revenue Bonds, for construction, improvements and maintenance of public roads, bridges and drainage works, and to fund a reserve fund.
  • Lincoln Parish, City of Grambling, $575,000 in Utility Revenue Bonds, for extensions and improvements to the wastewater system.
  • Orleans Parish, Louisiana Public Facilities Authority, Tulane University of Louisiana Project, $125 million in Revenue Bonds, for campus renovations.
  • Plaquemines Parish, Louisiana Community Development Authority, $25 million in Revenue Bonds, to plan and construct a new parish courthouse, and to fund a debt service reserve fund.
  • Tangipahoa Parish, Louisiana Housing Corporation, $6 million in Multifamily Housing Revenue Bonds, for construction of the Tangi Village Project, a 96-unit multifamily apartment facility.

The Commission also approved over $20 million in savings for local governments by refinancing existing debts. Among the refinancings approved were:

  • Acadia Parish, Acadia Parish Police Jury, $168,750 in savings.
  • Beauregard Parish, Beauregard Parish School Board, $116,815 in savings.
  • Bienville Parish, Bienville Parish School Board, School District No. 4-5, $979,744 in savings.
  • Bossier Parish, Louisiana Community Development Authority, Bossier Parish Community College Campus Facilities, Inc. Project, $6,171,380 in savings.
  • Catahoula Parish, Town of Jonesville, $132,575 in savings.
  • Iberville Parish, City of Plaquemine, $419,586 in savings.
  • Lafayette Parish, City of Youngsville, $936,812 in savings.
  • Ouachita Parish, G.B. Cooley Hospital Service District, $32,797 in savings.
  • St. Mary Parish, City of Morgan City, $787,132 in savings.
  • Washington Parish, Washington Parish School Board, Consolidated School District No.4, $4,030,434 in savings.
  • Louisiana Housing Corporation, $6,656,046 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