Panel also approved more than $6.3 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $82.3 million for projects statewide and approved more than $6.3 million in interest savings at its January 19 meeting, according to State Treasurer Ron Henson.

“Action taken by the State Bond Commission will ensure that vital community needs are addressed,” said Treasurer Henson. “Allen Parish will work on its waterworks system. A Caddo Parish fire district will acquire a fire truck. The town of Sterlington will repair public streets.”

Among the individual projects approved were:

  • Allen Parish, $1,101,000 in Water Revenue Bonds for Water District No. 1 for: constructing and acquiring improvements, extensions, renovations and replacements to the waterworks system, including appurtenant equipment, accessories and properties.
  • Caddo Parish, $300,000 in Fire District Revenue Certificates of Indebtedness for Fire District No. 7 for: acquiring a fire truck.
  • Caddo Parish, $14 million in Refunding Bonds for the Board of Supervisors of Southern University and Agricultural and Mechanical College for: saving taxpayers $3.7 million.
  • Jefferson Davis Parish, $975,000 in Taxable Utilities Revenue Bonds for the town of Welsh’s LDH Program for: constructing and acquiring improvements and replacements to the drinking water component of the System, including equipment and fixtures.
  • Lincoln Parish, $34 million in Sales Tax Increment Revenue and Refunding Bonds for the city of Ruston’s Economic Development Projects: saving taxpayers $172,000.
  • Ouachita Parish, $4 million in Revenue Bonds for the town of Sterlington for: (a) improving, maintaining, and/or repairing public streets, including related drainage and utilities and (b) acquiring, maintaining, operating and equipping a new youth sports park and tournament complex.
  • Rapides Parish, $12 million in Revenue Refunding Bonds for the Louisiana Public Facilities Authority’s The Oaks of Alexandria, LLC – Louisiana State University at Alexandria Student Housing Project: saving $1,283,119.
  • Sabine Parish, $941,000 in General Obligation School Refunding Bonds for the Sabine Parish School Board, Ebarb School District No. 17: saving taxpayers $34,127.
  • Washington Parish, $15 million in Revenue Refunding Bonds for the Louisiana Public Facilities Authority’s Bogalusa Community Medical Center Project: saving $1,122,745.

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