BATON ROUGE, LA – The State Bond Commission approved $310 million for projects statewide and approved more than $12.5 million in interest savings at its November 17 meeting, according to State Treasurer John Kennedy.

“We approved funding for a number of important community projects,” said Treasurer Kennedy. “Pineville will build a fire station. Calcasieu Parish will improve its waterworks system. Baker will rebuild its high school after the devastating floods.”

Among the individual projects approved were:

  • Ascension Parish, $9.5 million in General Obligation School Refunding Bonds for the School Board, Parishwide School District: saving taxpayers $352,215.
  • Avoyelles Parish, $2.298 million in Water Revenue Bonds for Waterworks District, Ward 3: for acquiring and constructing improvements and replacements to the waterworks system, including appurtenant equipment and fixtures
  • Bossier Parish, $15 million in Public Improvement Sales Tax Revenue Bonds for the city of Bossier City: for (1) purchasing, constructing, acquiring, extending or improving any public works or capital improvements, including any necessary sites, equipment and furnishings and (2) funding a debt reserve fund or purchasing a debt service reserve fund insurance policy, if required.
  • Bossier Parish, $3.3 million in Sales Tax Bonds for the town of Haughton: for constructing and acquiring improvements, extensions and replacements to the sewerage collection and disposal system.
  • Calcasieu Parish, $2.2 million in Taxable Water Revenue Bonds for Waterworks District No. 8, Wards 3 and 8 (LDH Program): for constructing, acquiring, extending or improving a waterworks system, including such treatment facilities as be required, with all necessary equipment and installation.
  • Caldwell Parish, $2.55 million in Revenue and Refunding Bonds for the Law Enforcement District: saving taxpayers $21,751.
  • Desoto Parish, $2.31 million in Taxable Water Revenue Bonds for Police Jury, Waterworks District No. 1 (LDH Program): for constructing and acquiring improvements, renovations and replacements to the drinking water system, including equipment and fixtures.
  • East Baton Rouge Parish, $1 million in Hotel Occupancy Tax Bonds for the city of Zachary: for (1) infrastructure improvements to the Zachary Youth Park and (2) funding of other recreational opportunities.
  • East Baton Rouge Parish, $50,000,000 in Commercial Paper Revenue Notes and $50,000,000 in Permanent Pass-Through Notes for the Louisiana Housing Corporation’s Mortgage Backed Securities Pass-Through Program: for financing loans for low-income first time home buyers receiving closing costs assistance and soft second HOME Program funds.
  • East Baton Rouge Parish, $12 million in Revenue Bonds for the Louisiana Community Development Authority’s city of Baker School District Project: for (1) financing the demolition, construction, reconstruction, renovation and improvement of flood damaged schools within the district, including all furnishings, fixtures and facilities incidental or necessary; (2) funding capitalized interest, if necessary and (3) funding a debt service reserve fund, if necessary.
  • Jefferson Davis Parish, $250,000 in Limited Tax Certificates of Indebtedness for the town of Welsh: for purchasing a garbage truck.
  • Lafayette Parish, $131 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s Ragin’ Cajun Facilities, Inc. Student Housing and Parking Project: saving $9.9 million.
  • Lafayette Parish, $22 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s Ragin’ Cajun Facilities, Inc. Student Union/University Facilities Project: saving $1.4 million.
  • LaSalle Parish, $410,000 in Waterworks Certificates of Indebtedness for the town of Urania: for (1) approximately $100,000 in improvements to waterworks system and (2) approximately $299,131 paying off USDA Waterworks Revenue Loan R-1 and R-2.
  • Lincoln Parish, $155,000 in Limited Tax Revenue Bonds for the city of Grambling: for purchasing a garbage collection vehicle.
  • Ouachita Parish, $9.4 million in Water Revenue Bonds for the town of Sterlington: for acquisition, construction and equipping of a new water drinking treatment and distribution system.
  • Rapides Parish, $2.75 million in Limited Tax Certificates of Indebtedness for the Police Jury, Fire Protection District No. 3: for constructing, improving, maintaining or operating a fire station at 6129 Shreveport Highway in Pineville.
  • Rapides Parish, $3.9 million in Revenue Bonds for England Economic and Industrial Development District (Rental Facility Project): for (1) constructing a rental car maintenance facility and (2) reimbursing the district for costs incurred for a public roadway.
  • Rapides Parish, $9 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Harmony Garden Estates Project: for acquisition, construction, rehabilitation and equipping of a 175 unit multifamily housing facility in Alexandria.
  • Rapides Parish, $12 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Royal Cambridge Homes Project: for acquisition, construction, rehabilitation and equipping of a 176 unit multifamily housing facility in Alexandria.
  • St. Helena Parish, $500,000 in Limited Tax Bonds for Hospital Service District No. 1: for (1) constructing and improving medical facilities, (2) purchasing furniture, fixtures, and equipment and (3) maintaining and operating medical facilities.
  • St. Mary Parish, $4.8 million in General Obligation Refunding Bonds for Consolidated Gravity Drainage District No. 2: saving taxpayers $264,510.
  • Tangipahoa Parish, $6.4 million in Water Revenue Refunding Bonds for the Water District: saving taxpayers $537,003.
  • Union Parish, $3.6 million in Limited Tax Revenue Bonds for the School Board: for acquiring, constructing, improving, equipping and furnishing school buildings and other school related facilities, including school buses and vehicles.
  • Washington Parish, $3.9 million in Sewer Revenue Bonds for the town of Franklinton: for acquiring and constructing improvements and replacements to the sewerage system, including appurtenant 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