Panel also approved more than $67 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $829 million for projects statewide and approved more than $67 million in interest savings at its September 15 meeting, according to State Treasurer John Kennedy.

“We approved financing that will ensure public schools are repaired in East Feliciana Parish. New homes will be built in Ville Platte, Baton Rouge and Carencro,” said Treasurer Kennedy. “Improvements will be made to the waterworks system in Avoyelles Parish. These are all important projects. ”

Among the individual projects approved were:

  • Avoyelles Parish, $230,000 in Water Revenue Bonds for the Southwest Avoyelles Waterworks District: for acquiring and constructing improvements to the waterworks system, including equipment and fixtures.
  • Bienville Parish, $8.25 million in General Obligation Refunding Bonds for the Bienville Parish Police Jury: saving taxpayers $397,602.
  • Caddo Parish, $25 million in Refunding Bonds for the city of Shreveport: saving taxpayers $3,120,863.
  • Caddo Parish, $4.5 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Olive Grove Senior Apartments Project: for acquisition, construction, and equipping of a 50 unit multifamily housing facility in Shreveport, Caddo Parish.
  • Concordia Parish, $5.8 million in Sales Tax Refunding Bonds for the Concordia Parish Police Jury, Sales Tax District No. 1: saving taxpayers $1,041,971.
  • DeSoto Parish, $6.5 million in Limited Tax Revenue Refunding Bonds for the DeSoto Parish School Board: saving taxpayers $262,423.
  • East Baton Rouge Parish, $185 million in Auxiliary Revenue Refunding Bonds for the Board of Supervisors of Louisiana State University and Agricultural and Mechanical College: saving taxpayers $19,160,343.
  • East Baton Rouge Parish, $19 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Meadows at Nicholson, LP Project: for acquisition, construction and equipping of a 204 unit multifamily housing facility located in Baton Rouge.
  • East Baton Rouge Parish, $26 million in Healthcare Facilities Revenue Bonds for the Louisiana Community Development Authority’s Provident Group – Village at Americana LLC: for acquiring, constructing, furnishing and equipping an assisted living facility to be located in Zachary, East Baton Rouge Parish and (2) funding a reserve fund, if necessary.
  • East Feliciana Parish, $4 million in Taxable Limited Tax Revenue Bonds for the East Feliciana Parish School Board: for rehabilitating, repairing and equipping public school facilities.
  • Evangeline Parish, $4.5 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Gabriel Villa Apartments Project: for the acquisition, construction and equipping of a 64 unit multifamily apartment facility located in Ville Platte, Evangeline Parish.
  • Franklin Parish, $5.23 million in Sales Tax Bonds for the Franklin Parish School Board: for constructing, improving and/or renovating schools and school related facilities.
  • Franklin Parish, $2.41 million in Limited Tax Revenue Bonds for the Franklin Parish School Board: for constructing, acquiring, renovating, improving, and/or repairing schools and school related facilities and equipment.
  • Franklin Parish, $8.51 million in Limited Tax Revenue Bonds for the Franklin Parish School Board, School District: for renovating, improving, repairing, and supporting schools and school related facilities and equipment.
  • Iberia Parish, $5 million in General Obligation School Refunding Bonds for the Iberia Parish School Board, Parishwide School District: saving taxpayers $262,643.
  • Lafayette Parish, $4 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Beau Sejour Apartments Project: for acquisition, construction, rehabilitation, and equipping of a 105 unit multifamily housing complex located in Carencro, Lafayette Parish.
  • Orleans Parish, $450 million in Revenue and Refunding Bonds for the Louisiana Public Facilities Authority’s Tulane University of Louisiana Project: saving $41,260,084.
  • Ouachita Parish, $17.5 million in Airport Revenue Refunding Bonds for the Louisiana Community Development Authority’s Monroe Regional Airport Terminal Project: saving taxpayers $1,005,129.
  • Rapides Parish, $250,000 in Limited Tax Certificates of Indebtedness for the Rapides Parish Police Jury, Fire Protection District No. 7: saving taxpayers $789.
  • St. John the Baptist Parish, $12.3 million in General Obligation School Refunding Bonds for the St. John the Baptist Parish School Board, School District No. 1: saving taxpayers $382,748.
  • St. Tammany Parish, $34 million in Hospital Revenue Bonds for Hospital Service District No. 1: for (1) purchase of building, land, capital equipment and improvements including but not limited to renovation and expansion of pharmacy, laboratory, central sterile areas, surgery, and parking garages and/or (2) making capital expenditures throughout the properties of St. Tammany Parish Hospital currently owned or to be purchased and (3) funding a reserve fund, if required.
  • Washington Parish, $1.3 million in Water Revenue Refunding Bonds for the Bogue Lusa Waterworks District: saving taxpayers $158,796.

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