Panel also approved more than $1.8 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $33.8 million for projects statewide and approved more than $1.8 million in interest savings at its Jan. 29 meeting, according to State Treasurer John Kennedy.

“I can think of nothing more important to a community than firefighting equipment,” said Treasurer Kennedy. “The actions we took today will ensure that residents in Jefferson Davis Parish Fire Protection District No. 4 and the city of Abbeville have vital equipment that saves lives.”

Among the individual projects approved were:

  • DeSoto Parish, $7.5 million in General Obligation School Refunding Bonds for DeSoto Parish School District No. 4: saving taxpayers $468,496.
  • Jefferson Davis Parish, $350,000 in Excess Revenue Certificates of Indebtedness for Fire Protection District No. 4: for acquiring, constructing and improving other firefighting equipment to be used in giving fire protection.
  • Lafayette Parish, $2.1 million in Public Improvement Sales Tax Refunding Bonds and $14.5 million in Public Improvement Sales Tax Refunding Bonds for the city of Lafayette: saving taxpayers $1.4 million.
  • Ouachita Parish, $7.75 million in Revenue Bonds for the Louisiana Community Development Authority’s University of Louisiana Monroe Facilities Inc., – Student Housing Project: for (1) design, development, construction, equipping, and renovation of residence halls for students who are members of sororities and (2) funding a deposit to a debt service fund and capitalized interest, if necessary.
  • Union Parish, $1 million in Revenue Bonds for the town of Farmerville: for construction of utility infrastructure, turn lane and related public improvements to enhance economic development within or adjacent to the Farmerville Economic Development Area.
  • Vermilion Parish, $600,000 in Revenue Bonds for the city of Abbeville: for acquiring fire trucks and fire protection equipment.

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