Panel also approved more than $1.9 million in interest savings

BATON ROUGE, LA – The State Bond Commission approved $91 million for projects statewide and approved more than $1.9 million in interest savings at its May 19 meeting, according to State Treasurer John Kennedy.

“We approved funding for projects across Louisiana,” said Treasurer Kennedy. “These are vital projects, including improvements to the waterworks system in Marksville, ensuring that kids in Erath have a good high school and middle school and improving the drinking water in New Llano.”

Among the individual projects approved were:

  • Ascension Parish, $4 million 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, $500,000 in Limited Tax Bonds for the city of Marksville: for improving the waterworks system, including acquiring equipment and fixtures.
  • Bossier Parish, $3 million in Revenue Bonds for the Louisiana Public Facilities Authority’s CommCare Corporation Project: for financing or refinancing the costs of the acquisition of an existing 89-bed nursing home facility located in Plain Dealing, Bossier Parish.
  • Calcasieu Parish, $7.5 million in Revenue and Refunding Bonds for the Louisiana Community Development Authority’s city of Westlake, Louisiana Project: for (1) approximately $7,300,000 Refunding Bonds, refunding Excess Revenue Certificates of Indebtedness, Series 2009 and LCDA Revenue Refunding Bonds, Series 2010 and (2) approximately $200,000 Revenue Bonds, finance matching funds to obtain grants for the additions, acquisitions, repairs and/or expansions needed within the city.
  • Iberia Parish, $5.5 million in Revenue Refunding Bonds for the Iberia Parish Council: saving taxpayers $207,049.
  • Ouachita Parish, $2 million in Revenue Bonds for the town of Sterlington: for (1) improving, maintaining, and/or repairing public streets, including related drainage and utilities and (2) acquiring, maintaining, operating and equipping a new youth sports park and tournament complex.
  • Ouachita Parish, $24 million in General Obligation School Refunding Bonds for the Ouachita Parish School Board, East Ouachita School District: saving taxpayers $1,595,265.
  • St. John the Baptist Parish, $10 million in Limited Tax Revenue Bonds for the St. John the Baptist Parish Law Enforcement District: for (1) acquiring, constructing, improving and renovating law enforcement buildings and other facilities and (2) acquiring land, equipment and furnishings.
  • Vermilion Parish, $840,000 in Limited Tax Bonds for the Vermilion Parish School Board: for acquiring and constructing improvements for Erath High School and Middle School.
  • Vernon Parish, $400,000 in Taxable Water Revenue Bonds for the town of New Llano’s DHH Program: for constructing and acquiring additions, extensions and improvements to the drinking water system.
  • West Baton Rouge Parish, $2.65 million in Revenue Refunding Bonds for the West Baton Rouge Parish Council, Fire Protection District No. 1: saving taxpayers $160,034.

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