BATON ROUGE, LA – The State Bond Commission approved over $52 million for projects statewide and $8.6 million in savings by refinancing existing public debt at its March 15th meeting, according to State Treasurer John Kennedy.

“The Bond Commission approved funding for school buses and infrastructure repairs in Vernon Parish, an electronic medical records system and physical plant improvements for Morehouse Parish Hospital Service District No. 1, as well as statewide approvals for various infrastructure and capital improvement projects,” said Treasurer Kennedy. “We also saved the taxpayers millions by signing off on the refinancing of public debt for 11 local projects. Lafayette Parish refinanced three series of bonds, saving $2.2 million for that parish.”

Among the individual projects the Bond Commission approved are:

  • Acadia Parish, Village of Estherwood, $6,403 Promissory Note: For purchase of equipment.
  • Avoyelles Parish, Hospital Service District No. 1, $1 million in Certificates of Indebtedness: For current operations.
  • Bossier Parish, Bossier Parish Police Jury, DEQ Project, $300,000 in Sewer Revenue Bonds: For improvements, extensions and additions to the wastewater collection, treatment and disposal system.
  • Catahoula Parish, Town of Jonesville, $139,900 in Public Improvement Bonds: To acquire and improve a building to be used as a new town hall, including equipment and furnishings.
  • DeSoto Parish, DeSoto Parish School Board, $15 million in Sales Tax Bonds: For capital improvements to school buildings and related facilities.
  • Jefferson Parish, City of Kenner, Kenner Consolidated Sewerage District, $5 million in Sewer Revenue Bonds: For additions, extensions and improvements to the wastewater collection, treatment and disposal system.
  • Lafayette Parish, City of Scott, $10 million in Public Improvement Revenue Bonds: For capital improvements to public roads and bridges.
  • Lafayette Parish, City of Youngsville, Youngsville Sales Tax District No. 1, $10 million in Public Improvement Revenue Bonds: To acquire, construct and equip a community center and related infrastructure and recreational facilities.
  • Morehouse Parish, Hospital Service District No. 1, ARRA HITECH Program, $430,000 in Certificates of Indebtedness: To purchase and install electronic medical records software for the Morehouse General Hospital, including related systems and equipment.
  • Morehouse Parish, Hospital Service District No. 1, DNR ARRA Capitalization Loan Program, $2.2 million in Hospital Revenue Bonds: For improvements, extensions and additions to the physical plant of the hospital.
  • Morehouse Parish, Hospital Service District No. 1, $2 million in Certificate of Indebtedness: For current expenses.
  • Orleans Parish, Southeast Flood Protection Authority West, Algiers Levee District, $2 million in Certificates of Indebtedness: For current general expenses.
  • Vernon Parish, Vernon Parish School Board, $1.6 million in Certificates of Indebtedness: To acquire school buses.
  • Vernon Parish, City of Leesville, $500,000 Line of Credit: To repair Berry Avenue, supplement revenues for street expenses, culvert repairs, and fund sewer and water line repair projects.
  • Washington Parish, City of Bogalusa, $1,990,000 in Revenue Anticipation Notes: For current expenses.
  • West Feliciana Parish, West Feliciana Parish Police Jury, $253,000 in Sewer Revenue Bonds: To acquire and construct a sewerage system in the Independence area.

The Commission also approved over $8.6 million in savings for local governments by refinancing existing debts. Among the refinancings approved were:

  • Caddo Parish, Caddo Parish School Board, Parishwide School District, $1.2 million in savings.
  • DeSoto Parish, DeSoto Parish School Board, School District No. 2, $143,000 in savings.
  • East Baton Rouge Parish, Louisiana Community Development Authority, BRCC Facilities Corporation, $1.2 million in savings.
  • Iberia Parish, Iberia Parish School Board, Parishwide School District, $333,000 in savings.
  • Jefferson Parish, Jefferson Parish Council, Sales Tax District, $546,000 in savings.
  • Lafayette Parish, City of Lafayette, $2.235 million in savings.
  • St. Martin Parish, St. Martin Parish School Board, St. Martin Parish School District, $113,000 in savings.
  • St. Martin Parish, St. Martin Parish Council, Sales Tax District No. 1, $286,000 in savings.
  • St. Tammany Parish, St. Tammany Parish School Board, Parishwide School District No. 12, $2.029 million in savings.
  • Webster Parish, Webster Parish School Board, School District No. 6, $557,000 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