Panel also approved more than $150 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $877 million for projects statewide and approved more than $150 million in interest savings at its October 20 meeting, according to State Treasurer John Kennedy.

“I’m really pleased with the amount of interest savings we achieve each month,” said Treasurer Kennedy. “This month alone, we approved more than $150 million in interest savings. That’s a significant achievement.”

Among the individual projects approved were:

  • Ascension Parish, $800,000 in Sales Tax Bonds for the city of Donaldsonville: for constructing and maintaining roads, streets, bridges and sidewalks and other infrastructure and works of public improvement.
  • Beauregard Parish, $225,000 in Certificates of Indebtedness for the South Beauregard Recreation District No. 2’s North Park Development Project: for acquisition of approximately 34.65 acres of land.
  • Beauregard Parish, $7.2 million in General Obligation School Refunding Bonds for the School Board’s Parishwide School District: saving taxpayers $365,650.
  • Bossier Parish, $8 million in Utilities Revenue Refunding Bonds for the city of Bossier City: saving taxpayers $180,928.
  • Bossier Parish, $17.5 million in Sales Tax Refunding Bonds for the Police Jury: saving taxpayers $472,779.
  • Caddo Parish, $120 million in Water and Sewer Revenue Bonds for the city of Shreveport: for (1) additions, extensions and improvements to the combined drinking water and wastewater collection, treatment and disposal system, including equipment and fixtures; (2) funding a debt service reserve fund and (3) paying a termination fee of approximately $15,000,000 relating to an interest rate swap that was entered into by the city in connection with certain LCDA Revenue Bonds (Shreveport Utility System Project), Series 2005.
  • East Baton Rouge Parish, $20 million in General Obligation School Refunding Bonds for the Zachary Community School Board, Zachary Community School District No. 1: saving taxpayers $1,084,571.
  • East Baton Rouge Parish, $125 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s LCTCS Facilities Corporation Project: saving $9,625,158.
  • East Baton Rouge Parish, $10.23 million in Single Family Mortgage Revenue Refunding Bonds for the Capital Area Finance Authority: saving $2,068,513.
  • East Baton Rouge Parish, $325 million in Refunding Revenue Bonds for the Louisiana Public Facilities Authority’s Ochsner Clinic Foundation Project: saving $100,014,395.
  • Grant Parish, $9.6 million in General Obligation School Refunding Bonds for the School Board, Consolidated School District No. 33: saving taxpayers $533,520.
  • Jefferson Parish, $6 million in Sales Tax Revenue Refunding Bonds for the city of Gretna: saving taxpayers $407,173.
  • Jefferson Davis Parish, $100,000 in Excess Revenue Certificates of Indebtedness for Fire Protection District No. 4: for (1) acquiring, constructing and improving buildings, machinery and equipment, including both real and personal property, and (2) purchasing fire trucks and other firefighting equipment.
  • Lafayette Parish, $22 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation’s Brook Pointe Apartments Project: for acquisition, construction, and equipping of a 240 unit multifamily housing facility in Lafayette.
  • Lincoln Parish, $7 million in General Obligation School Refunding Bonds for the School Board, Choudrant School District No. 6: saving taxpayers $219,600.
  • Lincoln Parish, $100 million in Refunding Bonds for the Board of Supervisors for the University of Louisiana System’s Grambling State University: saving taxpayers $27 million.
  • Orleans Parish, $12 million in Revenue Bonds for the Health Education Authority of Louisiana’s University of Holy Cross Project: for (1) development, design, construction and equipping of an approximately 59,000 square foot student dormitory facility on the campus in New Orleans and (2) funding a deposit to a debt service reserve fund and (3) funding capitalized interest, if necessary.
  • Ouachita Parish, $5 million in Limited Tax Bonds for the East Ouachita Recreation District No. 1: for constructing, improving and equipping recreational facilities.
  • Ouachita Parish, $12 million in Sales Tax School Refunding Bonds for the School Board, West Ouachita Parish School District: saving taxpayers $1.2 million.
  • Ouachita Parish, $35 million in Revenue Refunding Bonds for the Louisiana Community Development Authority’s Delta Campus Facilities Corporation Project: saving $2,974,787.
  • Tangipahoa Parish, $25 million in Hospital Revenue Refunding Bonds for Hospital Service District No. 1’s North Oaks Health System Project: saving $3,355,727.
  • Vernon Parish, $1.85 million in General Obligation School Refunding Bonds for the School Board, Wardwide School District No. 160, Ward 3: saving taxpayers $137,807.
  • Washington Parish, $1.05 million in Water Revenue Refunding Bonds for the town of Franklinton: saving taxpayers $103,527.
  • Webster Parish, $6 million in Utilities System Revenue Refunding Bonds for the city of Springhill: saving taxpayers $233,475.

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