Panel also approved more than $1.3 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $214 million for projects statewide and approved more than $1.3 million in interest savings at its December 15 meeting, according to State Treasurer John Kennedy.

“We approved funding for projects across Louisiana,” said Treasurer Kennedy. “Calcasieu Parish will add classrooms. The village of Pleasant Hill will improve its waterworks system. Jefferson Parish will tackle hurricane protection projects. This funding is vital to local communities.”

Among the individual projects approved were:

  • Acadia and Evangeline parishes, $600,000 in Revenue Refunding Bonds and $725,000 in Revenue Refunding Bonds for the town of Basile: saving taxpayers $110,000.
  • Caddo and Bossier parishes: $9 million in Utility Revenue Refunding Bonds for the Caddo-Bossier Parishes Port Commission: saving taxpayers $426,000.
  • Calcasieu Parish, $15 million in Excess Revenue Certificates of Indebtedness for the School Board’s Classroom Construction Project: for construction of additional classrooms for various multiple school buildings.
  • Jefferson Parish, $7.5 million in Limited Tax Certificates of Indebtedness for the Southeast Louisiana Flood Protection Authority-West, West Jefferson Levee District: for constructing and improving levees and other flood and hurricane protection projects.
  • Jefferson Parish, $20 million in Taxable Sewer Revenue Bonds for the Jefferson Parish Council, Consolidated Sewerage District No. 1’s DEQ Project: for acquiring, constructing and equipping improvement to the wastewater collection, treatment and disposal system.
  • Lafourche Parish, $15 million in Sales Tax Revenue Bonds for the North Lafourche Conservation, Levee and Drainage District: for (1) constructing and improving levee, drainage and flood protection projects, including acquisition of equipment and (2) funding a reserve.
  • Multiple parishes, $100 million in Revenue Bonds for the Louisiana Public Facilities Authority’s Ochsner Clinic Foundation Project for: (1) acquiring, constructing, equipping, maintaining, installing, and/or upgrading certain improvements to the Ochsner Medical Center, including the parking garage and Gayle and Tom Benson Cancer Center, Ochsner Elmwood Hospital, Ochsner Medical Center Baton Rouge, Ochsner Clinic Covington, (2) acquiring, constructing, equipping, maintaining, installing and/or upgrading health care and related facilities (including without limitation hospital, clinic, outpatient and medical office facilities) in Jefferson East Baton Rouge, Tangipahoa, Ascension, Orleans, Livingston, Iberville, St. James, St. John the Baptist, Plaquemines and/or St. Tammany Parishes and (3) creating or maintaining a debt service reserve fund.
  • Orleans Parish, $4.62 million in Qualified Energy Conservation Bonds for the Louisiana Stadium and Exposition District: for constructing, acquiring and improving energy facilities as part of an energy retrofit project pursuant to the Energy Savings Performance Contract with Johnson Controls, Inc.
  • Orleans Parish, $15 million in Commercial Paper Revenue Notes or Single Family Revenue Refunding Bonds for The Finance Authority of New Orleans’ Mortgage-Backed Securities Pass-Through Program: saving $649,000.
  • Rapides Parish, $3 million in Revenue Bonds for the England Economic and Industrial Development District’s Community Center Project: for constructing a community center.
  • Sabine Parish, $220,000 in Certificates of Indebtedness for the village of Pleasant Hill: for constructing and acquiring improvements, extensions and replacements to the waterworks system, including equipment and fixtures.
  • St. Bernard Parish, $13 million in Taxable Utilities Revenue Bonds for the St. Bernard Parish Council’s LDH Program: for constructing and acquiring additions, extensions and improvements, to the water portion of the combined waterworks plant system and sewer system.
  • Tensas Parish, $6.4 million in Revenue Bonds for the Tensas Parish Law Enforcement District: for (1) prepaying an existing lease-purchase agreement, (2) additional renovations and improvements to the Tensas Parish Detention Center, (3) paying additional expenses incurred in connection with the operation of the Detention Center and (4) funding a reserve.
  • Washington Parish, $3.5 million in Water Revenue Refunding Bonds for the Varnado Waterworks District: saving taxpayers $104,000.

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