BATON ROUGE, LA – The State Bond Commission approved $175 million for projects statewide and $5.4 million in savings at its June meeting, according to State Treasurer Ron Henson.

“The commission approved a variety of projects for local governments statewide and put the infrastructure in place should it be necessary to take out another short-term budgetary loan next year,” said Treasurer Henson. “We are closely monitoring the state’s cash flow and will bring any plans back before the commission before making any moves in the market.”

Among the individual projects approved were:

Iberia Parish: $22.5 million in General Obligation School Refunding Bonds for the Iberia Parish School Board, Parishwide School District, resulting in $513,000 in gross savings.

Lafayette Parish: $75 million in Sales Tax Revenue Bonds for the Lafayette Parish School Board for constructing and acquiring capital improvements including playgrounds, school buildings and related facilities.

LaSalle Parish: $22,000 in Limited Tax Certificates of Indebtedness for the Recreation District No. 22 to equip recreational facilities.

Louisiana Community Development Authority: $2 million in Revenue Bonds for the Livingston Recreation District No. 2 for acquiring, designing, constructing and developing public parks, playgrounds and recreational properties and facilities.

Rapides Parish: $120,000 in Limited Tax Bonds for the Rapides Parish Police Jury, Fire Protection District No. 6 for acquiring, constructing, improving and maintaining fire protection facilities, vehicles and equipment.

Southern University and A&M College: $42 million in Taxable Refunding Bonds for the Board of Supervisors of Southern University and A&M College, resulting in $4.5 million in gross savings to acquire residence hall facilities and Intramural Faculties.

St. Bernard Parish: $4.2 million in Taxable Limited Tax Certificates of Indebtedness for the St. Bernard Parish Council for maintaining and operating fire protection facilities.

St. Tammany Parish: $14.5 million in General Obligation School Refunding Bonds for the St. Tammany Parish School Board, Parishwide School District No. 12, resulting in $351,000 in gross savings.

West Baton Rouge Parish: $15 million in Revenue Bonds for the West Baton Rouge Parish, Greater Baton Rouge Port Commission for the construction of a Chambering Yard.

Contact:
Sarah Mulhearn
(225) 342-0012
smulhearn@treasury.state.la.us