Treasurer Ron Henson Announces $271.2 Million
in Bond Commission Approvals

BATON ROUGE, LA – The State Bond Commission approved $271.2 million for projects statewide and more than $4 million in savings at its July meeting, according to State Treasurer Ron Henson.

“The infrastructure projects we approved today will help us improve roads, various utility systems and bridge safety in the state,” said Treasurer Henson. “We also approved a large refinancing for the Louisiana Offshore Terminal Authority to receive tax benefits and free up funds to invest in other projects.”

Among the individual projects approved were:

Allen Parish: $1.3 million in Sales Tax Bonds for the Town of Kinder for constructing and improving streets.

Ascension Parish: $25 million in Revenue Bonds for the Parish Council to fund a debt service reserve fund.

Bossier Parish: $13 million in Taxable Utilities Revenue Bonds for the City of Bossier DEQ Project for constructing, acquiring and improving public works including sewer treatment facilities.

Catahoula Parish: $1.9 million in Sales Tax Bonds for the Town of Jonesville for the hardsurfacing, rehabilitation and resurfacing of streets.

Concordia Parish: $2.5 million in Certificates of Indebtedness for the Hospital Service District No. 1 to pay various fees related to the construction of a new hospital and purchasing land.

DeSoto Parish: $5 million in Revenue Refunding Bonds for the DeSoto Parish Police Jury International Paper Company Project to refinance bonds, providing $2.8 million in gross savings.

East Baton Rouge Parish: $8.5 million in General Obligation School Refunding Bonds for the Central Community School Board Central Community School System to refinance bonds, providing $254,936 in gross savings.

East Baton Rouge Parish: $4.5 million in Sales Tax Refunding Bonds for the Central Community School Board Central Community School System to refinance bonds, providing $140,981 in gross savings.

Jackson Parish: $150,000 in Utilities Revenue Bonds for the Town of Chatham for constructing and acquiring improvements and replacements to the sewerage component of the combined waterworks, sewerage and natural gas systems including equipment and fixtures. The project includes a $665,000 Community Development Block Grant for a total of $815,000.

Jefferson and St. Tammany Parishes: $133 million in Toll Revenue Bonds for the Greater New Orleans Expressway Commission to construct, acquire and improve bridge rails and safety shoulders and fund a debt service reserve fund.

Lafayette Parish: $8.5 million in Recreational Facilities Sales Tax Revenue Refunding Bonds for the City of Youngsville, Youngsville Sales Tax District No. 1 to refinance bonds, providing $404,895 in gross savings.

Louisiana Offshore Terminal Authority: $24.7 million in Deepwater Port Refunding Revenue Bonds for the LOOP LLC Project to restructure debt to continue to benefit from tax-exempt status and free up cash for other projects.

Louisiana Housing Corporation: $13 million in Multifamily Housing Revenue Bonds (Volume Cap) for the acquisition, construction, rehabilitation and equipping of an 80-unit multifamily housing facility in New Orleans called the Capdau Home for the Aged.

Natchitoches Parish: $200,000 in Limited Tax Bonds for the Fire Protection District No. 4 for acquiring, constructing and improving fire protection facilities and equipment.

St. Charles Parish: $15 million in Limited Tax Bonds for the St. Charles Parish Council for constructing, acquiring, extending and improving levees, facilities and structures associated with outer flood protection systems.

St. Tammany Parish: $12 million in General Obligation School Refunding Bonds for the Parishwide School District No. 12 to refinance bonds, providing $423,178 in gross savings.

Tensas Parish: $1.2 million in Taxable Water Revenue Bonds for the Lake Bruin Waterworks District No. 1 (LDH Program) for constructing and acquiring improvements, extensions and replacements to the drinking water system including equipment and fixtures.

Vermilion Parish: $1.7 million in Sales Tax Bonds for the Hospital Service District No. 2 for constructing repairs and improvements to Abbeville General Hospital including mechanical improvements and funding a reserve.

 

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