BATON ROUGE, LA – The State Bond Commission met February 21 and approved funding for a variety of projects statewide, according to State Treasurer John Kennedy.

We had a number of local governments statewide that took advantage of lower interest rates to refinance debt, said Treasurer Kennedy. The money local governments across the state saved by refinancing bonds totaled around $3 million.

Central and North Louisiana

  • An $800,000 loan for LaSalle Parish, Hospital Service District No. 1 to pay expenses.
  • A $4.039 million letter of credit for the Union Parish Police Jury to pay closure and post-closure costs of the parish landfill. The commission also approved a note of indebtedness to represent the obligation to repay any funds drawn upon the letter of credit.
  • $21 million in bonds for Bossier & Caddo Parishes, City of Shreveport to refinance debt, saving $953,125.
  • $933,000 in bonds for Lincoln Parish, Town of Grambling for sewer system improvements.
  • $36 million in bonds for the Ouachita Parish School Board, West Ouachita Parish School District to refinance debt, saving $1.87 million.
  • $8 million in bonds for the Red River Parish School Board, Parishwide School District No. 1 to refinance debt, saving $23,952.
  • $100,000 in bonds for Tensas Parish, Lake Bruin Waterworks District No. 1 for waterworks system improvements.
  • $1.151 million in bonds for Union Parish, Town of Bernice for sewer system improvements.

Baton Rouge and New Orleans

  • A $2.1 million loan for St. Helena Parish, Hospital Service District No. 1 to pay expenses.
  • $7 million in bonds for the St. Bernard Parish Council to refinance debt, saving $145,884.
  • Preliminary approval for $50 million in bonds (GO Zone project) for the Industrial Development Board of the City of New Orleans, Louisiana, Inc. (BW Development, LLC Project) for the acquisition, construction and equipping of a building located at Tulane Avenue to serve as medical classrooms, offices and services.
  • $8.94 million in bonds for the Louisiana Housing Finance Agency (Arbor Place Apartments Project) for the acquisition, rehabilitation and equipping of a residential rental facility serving low and moderate income families in Terrytown, Jefferson Parish.
  • Preliminary approval for $60 million in bonds for the IDB of New Orleans (930 Poydras, L.L.C. Project & 930 Poydras Apartments, L.L.C.) for the acquisition, construction and installation of a high-rise building with apartments, a parking garage and retail space to be located at Poydras Street.
  • Preliminary approval of $9 million in bonds for the IDB of New Orleans (2400 Canal, LLC) to redevelop the Pan American Building on Canal Street into a retail and housing facility for nurses, policemen, firemen and other first responders.
  • $18.6 million in bonds for the IDB of New Orleans for the construction and installation of a development project consisting of 158 mixed-income, rental units of single-family homes and duplexes as well as a community building located in the Upper Ninth Ward of eastern New Orleans.
  • $30 million in bonds (GO Zone project) for the Louisiana Public Facilities Authority (American Sugar Refining, Inc. Project) for the construction, acquisition, installation and equipping an expansion to its existing refinery in St. Bernard Parish, including the construction of a molasses blending plant and a pilot plant regarding the rehabilitation of spent calcium carbonate.
  • $100 million in bonds (GO Zone project) for the St. John the Baptist Council (Louisiana Sugar Refining Project) for the purpose of financing the acquisition, construction and installation of an industrial facility consisting of a sugar refinery to be located in Reserve, Louisiana.

Southwest Louisiana

  • A $68,500 loan for the Allen Parish Police Jury, Road District No. 5 for improving and maintaining parish roads and bridges.
  • A $324,300 loan for Calcasieu Parish, City of Sulphur for street improvements.
  • $220,000 in bonds for St. Landry Parish, Town of Leonville for waterworks system improvements.
  • $2.5 million in bonds for Vermilion Parish, Hospital Service District No. 2 for improvements to Abbeville General Hospital.
  • $27.15 million in bonds for the Louisiana Community Development Authority (Cameron Parish, Louisiana Recovery Project) for the reconstruction, restoration and reestablishment of essential governmental infrastructure and facilities damaged by Hurricane Rita.

The Bond Commission also gave preliminary approval for $70 million in bonds for the Louisiana Public Facilities Authority (Comm-Care Louisiana Project) to finance three replacement nursing facilities to be located in East Baton Rouge Parish, Avoyelles Parish and Ouachita Parish; reimburse the corporation $2 million for land acquisition and other project costs; refinance outstanding bonds; and acquire existing nursing facilities in East Baton Rouge, St. Tammany and St. James Parishes.

Contact:
Sarah Mulhearn
(225)-342-0012