Panel also approved more than $5 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $128 million for projects statewide and approved more than $5 million in interest savings at its April 21 meeting, according to State Treasurer John Kennedy.

“We had a jam-packed agenda that benefitted towns across Louisiana,” said Treasurer Kennedy. “We approved savings for taxpayers in Youngsville, Livingston, Lecompte, Lamourie, Woodworth and other areas of the state. It’s important to refinance this debt so that we can capture as much in savings as possible.”

Among the individual projects approved were:

  • Allen Parish, $4.8 million in General Obligation School Refunding Bonds for the Allen Parish School Board, School District No. 25: saving taxpayers $233,928.
  • Caddo Parish, $7.5 million in General Obligation Refunding Bonds for the Caddo Parish Commission: saving taxpayers $376,080.
  • Calcasieu Parish, $7.75 million in General Obligation Refunding Bonds for the Calcasieu Parish School Board, School District No. 26: saving taxpayers $326,090.
  • Calcasieu Parish, $10.6 million in General Obligation Refunding Bonds for the Calcasieu Parish School Board, School District No. 30: saving taxpayers $576,465.
  • Calcasieu Parish, $5.4 million in General Obligation Refunding Bonds for the Calcasieu Parish School Board, School District No. 34: saving taxpayers $150,200.
  • Lafayette Parish, $3.75 million in Sales Tax Refunding Bonds for the city of Youngsville: saving taxpayers $117,292.
  • Livingston Parish, $5.6 million in Utility Systems Revenue Refunding Bonds for the town of Livingston: saving taxpayers $323,856.
  • Livingston Parish, $26 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s Denham Springs Utilities Project: saving taxpayers $1,378,262.
  • Natchitoches Parish, $6.6 million in Refunding Bonds for Waterworks District No. 2: saving taxpayers $402,821.
  • Ouachita Parish, $6.3 million in Water Treatment Utilities Revenue Bonds for the town of Sterlington: for (1) acquisition, construction, and installation of a water system with related infrastructure improvements, extensions, modifications, and additions to the sewer system and (2) funding a debt service reserve fund, if required.
  • Rapides Parish, $6 million in General Obligation School Refunding Bonds for the Rapides Parish School Board, Lecompte-Lamourie-Woodworth School District No. 57: saving taxpayers $254,911.
  • Red River Parish, $3 million in Certificates of Indebtedness for the Parishwide Fire Protection District: for upgrading buildings and equipment.
  • St. James Parish, $500,000 in Taxable Limited Tax Bonds for the town of Gramercy (DHH Program): for (1) constructing additions and improvements to the waterworks system and (2) acquiring necessary equipment and furnishings, including other incidental costs and fees.
  • St. John the Baptist Parish, $7.2 million in General Obligation School Refunding Bonds for the St. John the Baptist Parish School Board, School District No. 1: saving taxpayers $304,113.
  • St. Martin Parish, $8 million in Taxable Utilities Revenue Bonds for the city of Breaux Bridge’s DEQ Project: for constructing and acquiring additions, extensions and improvements to the sewer portion of the combined water and sewer system.
  • St. Mary Parish, $700,000 in General Obligation Refunding Bonds for the Water and Sewer Commission No. 4: saving taxpayers $68,643.
  • St. Mary Parish, $7.5 million in Sales Tax Refunding Bonds for the St. Mary Parish Council: saving taxpayers $228,479.
  • St. Tammany Parish, $4.050 million in Limited Tax Certificates of Indebtedness for Fire Protection District No. 2: for (1) approximately $3,000,000 for acquiring, constructing and improving fire protection facilities and equipment and (2) approximately $1,050,000 for refunding and extending Limited Tax Certificates, Series 2009.
  • Webster Parish, $600,000 in Sales Tax Revenue Bonds for the city of Springhill: for (1) acquiring, constructing, extending, improving maintaining and operating sewer and sewerage disposal facilities, roads streets and bridges, and (2) other capital improvements.
  • Webster Parish, $3.2 million in General Obligation School Refunding Bonds for the Webster Parish School Board, Consolidated School District No. 1: saving taxpayers $157,071.
  • Webster Parish, $3.2 million in General Obligation School Refunding Bonds for the Webster Parish School Board, Sarepta School District No. 35: saving taxpayers $168,209.
  • West Carroll Parish, $100,000 in Certificates of Indebtedness for Goodwill Fire Protection District: for constructing a fire station, including acquiring equipment and fixtures.

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. For more information, visit www.LATreasury.com.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us