BATON ROUGE, LA – The State Bond Commission approved $153 million for projects statewide and approved more than $7.2 million in savings at its July 16 meeting, according to State Treasurer John Kennedy. “We approved projects that will improve schools, build a hospital and construct housing for families,” said Treasurer Kennedy. “These projects touch every corner of the state.” Among the individual projects approved were:

  • Acadia Parish, $1,500,000 in Excess Revenue Bonds for the city of Rayne: for various capital improvements.
  • Caddo and Lafayette Parishes, $12,000,000 in Multifamily Housing Revenue Bonds for the Public Finance Authority’s Agape-Himbola Manor, LLC & Agape-Canaan Towers, LLC: for acquisition and rehabilitation of facilities located in Lafayette and Shreveport.
  • Calcasieu Parish, $10,000,000 in Revenue Bonds for Memorial Hospital Service District’s Lake Charles Memorial Hospital Project: for acquisition, construction, renovation and equipping of hospital facilities generally for Southwest Louisiana Hospital Association (SLHA), to be owned by the SLHA and operated by Southwest Louisiana Health Care System, Inc.
  • Desoto Parish, $3,500,000 in Limited Tax Revenue Bonds for the DeSoto Parish School Board: for acquiring, constructing, improving, equipping, and furnishing school buildings and other related facilities.
  • East Baton Rouge Parish, $39,000,000 in Single Family Mortgage Revenue Refunding Bonds for the Louisiana Housing Corporation: saving taxpayers $7,166,824.
  • East Baton Rouge Parish, $16,000,000 in Multifamily Housing Revenue Bonds (Volume Cap) for the Louisiana Housing Corporation’s Port Royal Apartments Project: for acquisition, construction and equipping of a 192-unit multifamily apartment facility in East Baton Rouge Parish.
  • Jefferson Parish, $2,500,000 in Revenue Bonds for the Jefferson Parish Economic Development and Port District: for acquisition of an office building and technology incubator in the Churchill Technology and Business Park from Forward Jefferson.
  • Jefferson Parish, $15,000,000 in Sales Tax Bonds for the city of Kenner’s DEQ Project: for (1) priority projects (a) Chateau Transfer Force Main replacement; (b) demolition of abandoned digestor at Wastewater Treatment Plant (WWTP) #1, (c) demolition of WWTP #2; (d) Firehouse Road Force Main Replacement; (e) Odor Control Improvements at Vintage and Medoc Lift Station and (f) Emergency Power Improvements at the WWTP; (2) alternate projects (a) new Pump at the 10th and Maria Lift Station; (b) warehouse for emergency generators; (c) fuel system improvements for emergency power at the WWTP; (d) repairs to 48-inch effluent force main and (e) rehabilitation of existing gravity sewers and (3) funding a reserve fund, if required.
  • Lafayette Parish, $10,000,000 in Certificates of Indebtedness for the Lafayette Parish School Board: for (1) purchasing, acquiring and equipping school buses, and (2) constructing, and improving schools and school related facilities, including the necessary sites, equipment and furnishings.
  • Orleans Parish, $15,000,000 in Tax Increment Bonds (Taxable) for the city of New Orleans’ St. Thomas Economic Development District: saving taxpayers $27,000.
  • Orleans Parish, $6,000,000 in Revenue Refunding Bonds for the Health Education Authority of Louisiana’s YMCA of Greater New Orleans Project: for (1) approximately $2,335,000 Refunding Bonds, of which $405,000 to be issued as taxable, and $1,930,000 to be issued as tax-exempt, refinancing existing indebtedness secured pursuant to a prior Financing and Lease Agreement between Regions Equipment Finance Corporation and the LCDA dated December 1, 2010 on behalf of the YMCA, (2) approximately $3,665,000 Revenue Bonds, acquisition, design, construction, furnishing and equipping of certain facilities and property located in the Primary Service Area of the issuer to provide a flagship location for YMCA services and (3) funding a debt service reserve fund, if necessary.
  • Rapides Parish, $1,990,000 in Certificate of Indebtedness for the Rapides Parish School Board: for (1) approximately $890,000 for refunding and extending a portion of Certificate of Indebtedness, Series 2004 (consisting of the interest bearing certificates of said issue) and (2) approximately $1,100,000 for purchasing school buses and equipment.
  • St. Helena Parish, $2,880,000 in Sales Tax Bonds for the St. Helena Parish School Board: for (a) acquiring, constructing and improving public school buildings and facilities, including the acquisition of equipment, (b) approximately $420,000 Refunding Bonds, refunding Sales Tax Bonds, Series 2014.
  • St. Tammany Parish, $1,300,000 in Gas Utility Revenue Bonds for the town of Madisonville: for constructing and acquiring extensions, improvements and replacements to the natural gas utility system, including appurtenant equipment, accessories and properties.

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