Panel also approved more than $2 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $468 million for projects statewide and approved more than $2 million in savings at its November 19 meeting, according to State Treasurer John Kennedy.

“I’m so proud that we continue to find interest savings on existing projects,” said Treasurer Kennedy. “By lowering the interest rates on debt, we’re able to free up money. That’s a huge plus for our taxpayers.”

Among the individual projects approved were:

Ascension Parish, $656,000 in Taxable Sewer Revenue Bonds for the city of Donaldsonville’s DEQ Project: for constructing and acquiring improvements and extensions to the sanitary sewage collection and disposal system, including all necessary land, equipment and furnishings and all engineering, legal and other incidental costs and fees.

  • Avoyelles Parish, $825,000 in Water Revenue Bonds for the village of Plaucheville: for acquiring and constructing improvements to the waterworks system, including equipment and fixtures.
  • Beauregard Parish, $1.177 million in Certificates of Indebtedness for Hospital Service District No. 2: for acquiring, constructing and installing improvements and replacements to the facilities, including acquiring equipment and fixtures.
  • Beauregard Parish, $40,000 in Limited Tax Bonds for the town of Merryville: for (1) constructing improvements to the sewerage system and (2) acquiring necessary equipment and furnishings.
  • Caddo Parish, $120 million in Water and Sewer Revenue and Refunding Bonds for the city of Shreveport: saving taxpayers $548,966.
  • Caldwell Parish, $2.788 million in Water Revenues Bonds for Columbia Heights Water District: for acquiring and constructing improvements and replacements to the system, including appurtenant equipment and fixtures.
  • East Baton Rouge Parish, $6.605 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s Capital Area YMCA Projects: saving $84,594.
  • Iberia Parish, $1.35 million in Limited Tax Refunding Bonds for the city of New Iberia: saving taxpayers $32,060.
  • Iberia Parish, $6 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s St. Edwards Subdivision Project: for the acquisition, construction, rehabilitation and equipping of a 100-unit multifamily housing development in New Iberia, Iberia Parish.
  • Iberville Parish, $28 million in Limited Tax Refunding Bonds for the Iberville Parish School Board, Consolidated School District No. 5: saving taxpayers $930,519.
  • Lafayette Parish, $52 million in Revenue Bonds for the Louisiana Public Facilities Authority’s Lafayette General Medical Center Project for: designing, acquiring, constructing, equipping, furnishing, installing and renovating capital projects of the Obligated Group.
  • Lincoln Parish, $5.2 million in General Obligation School Refunding Bonds for the Lincoln Parish School Board, Ruston School District No. 1: saving taxpayers $368,591.
  • Lincoln Parish, $105 million in Refunding and Revenue Bonds for the Louisiana Community Development Authority’s Louisiana Tech University Student Housing/Innovative Student Facilities, Inc. Project: for (1) approximately $48,250,000 Refunding Bonds, refunding Revenue Bonds, Series 2007 and (2) approximately $56,750,000 Revenue Bonds, (a) acquiring immovable property, (b) design and development of student housing facilities, (c) construction and equipping of new residence halls, (d) renovation of existing residence halls, (e) demolition of certain existing residence halls and (f) construction of associated parking and (3) funding a deposit to a debt service reserve fund or paying the premium for a debt service reserve fund surety policy and funding capitalized interest, if necessary.
  • Morehouse Parish, $6.4 million in Street Revenue Bonds for Sales Tax District No. 1: for (1) construction and repair of streets, including needed sidewalk, drainage structures and any and all necessary utility relocation and work related thereto and (2) funding a debt service reserve, if required.
  • Ouachita Parish, $1,541,300 in Taxable Sewer Revenue Bonds for the city of West Monroe’s DEQ Project: for constructing and installing public improvements that qualify as a “green” infrastructure project.
  • Rapides Parish, $6.2 million in General Obligation School Refunding Bonds for the Rapides Parish School Board, Consolidated School District No. 62: saving taxpayers $186,359.
  • Terrebonne Parish, $8 million in Limited Tax Bonds for the Terrebonne Parish Council’s DEQ Project: for providing liquid waste collection and disposal facilities and purchasing necessary sites and equipment.
  • Terrebonne Parish, $28 million in Limited Tax Revenue Bonds for the Terrebonne Parish School Board: for purchasing, acquiring and improving capital improvements for the school system, including the necessary sites, equipment and furnishings.
  • Terrebonne Parish, $10 million in Sales Tax Revenue Bonds for the Terrebonne Parish School Board: for (1) purchasing, acquiring and improving capital improvements for the school system, including the necessary sites, equipment and furnishings and (2) establishing a reserve.
  • Vernon Parish, $2 million in Certificates of Indebtedness for the city of Leesville: for constructing, improving and resurfacing public streets.
  • Vernon Parish, $11.5 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Twin Lakes of Leesville Project: for acquisition, rehabilitation and equipping four residential rental facilities in Leesville, Vernon Parish.
  • West Feliciana Parish, $800,000 in Utilities Revenue Bonds for the town of St. Francisville: for (1) acquiring and constructing a water well and (2) acquiring related equipment.
  • Winn Parish, $10.5 million in Sales Tax Bonds for the Winn Parish Law Enforcement District: for the acquisition and construction of a detention center, including acquisition of equipment, fixtures, and furnishings.

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