Panel also approved more than $26 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $141 million for projects statewide and approved more than $26 million in interest savings at its August 18 meeting, according to State Treasurer John Kennedy.

“We approved financing for important public infrastructure projects in Caddo and Caldwell parishes,” said Treasurer Kennedy. “We also continue to approve interest savings, which save Louisiana taxpayers money.” Among the individual projects approved were:

  • Acadia Parish, $400,000 in Certificates of Indebtedness for Fire Protection District No. 10: for purchasing a fire fighting motor vehicle and related equipment.
  • Ascension Parish, $4,105,000 in Water Utility Revenue Bonds for the Ascension Parish Council: saving taxpayers $698,000.
  • Caddo Parish, $20 million in Taxable Water and Sewer Revenue Bonds for the city of Shreveport’s DEQ Project: for additions, extensions and improvements to the wastewater portion of the combined drinking water and wastewater collections, treatment and disposal system, including equipment and fixtures.
  • Caldwell Parish, $225,000 in Taxable Sewer Revenue Bonds for the East Columbia Sewerage District No. 1’s DEQ Project: for acquiring, constructing, and installing improvements, extensions, and additions to the wastewater collection, treatment, and disposal system.
  • East Baton Rouge Parish, $30 million in Single Family Mortgage Revenue Refunding Bonds for the Louisiana Housing Corporation: saving taxpayers $10,833,901.
  • Orleans Parish, $65 million in General Obligation Refunding Bonds for the city of New Orleans: saving taxpayers $14,082,646.
  • Ouachita Parish, $10 million in Sales Tax Bonds for the Ouachita Parish Police Jury, West Ouachita Economic Development District: for economic development projects consisting of road and related infrastructure improvements.
  • Ouachita Parish, $2 million in Utility Revenue and Refunding Bonds for the Louisiana Community Development Authority’s L & R Utilities, Inc. Project: for (1) approximately $535,000 Refunding Bonds, refunding three outstanding obligations and (2) approximately $1,465,000 Revenue Bonds, acquiring, constructing and installing additional facilities and other improvements.
  • St. Tammany Parish, $5.7 million in General Obligation Refunding Bonds for Recreation District No. 14: saving taxpayers $447,631.
  • Tangipahoa Parish, $3.7 million in Water System Revenue Bonds for the Water District: for (1) construction and acquisition of improvements, extensions, relocations and/or replacements to the waterworks system and (2) funding a debt service reserve fund or purchasing a reserve fund surety, if necessary.

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