BATON ROUGE, LA – The State Bond Commission approved $477 million for projects statewide and more than $102.5 million in total savings at its September meeting, according to State Treasurer Ron Henson.

“The commission approved funding for a number of important infrastructure improvements including enhancements to the port in Terrebonne Parish and upgrades to university housing in Lafayette,” said Treasurer Henson. “We also helped local governments refinance debt to save taxpayers millions of dollars in interest costs.”

Among the individual projects approved were:

Allen Parish: $5.7 million in Revenue Bonds for the Allen Parish Law Enforcement District for acquiring, constructing and improving the current jail facility.

Calcasieu Parish: $30 million in Multifamily Housing Revenue Bonds for the Calcasieu Parish Public Trust Authority (Le Jolliet Development Project) for the acquisition, construction and equipping of a residential rental facility containing 264 living units.

Lafayette Parish: $320,000 in Revenue Bonds for the City of Youngsville to purchase land for use by the city and $330,000 in Refunding Bonds, resulting in $9,705 in savings.

Louisiana Community Development Authority: $15 million in Revenue Bonds for the Louisiana Community Development Authority (Terrebonne Port Commission Project) for the acquisition, construction, improvement, renovation and equipment of the Terrebonne Port Commission.

Louisiana Community Development Authority: $10.8 million in Revenue Refunding Bonds for the Nicholls State University Housing/NSU Facilities Corporation Project to refinance debt, saving $491,631.

Louisiana Community Development Authority: $105 million in Revenue Bonds for the Ragin Cajuns Facilities, Inc. – Student Housing and Parking Project for the development, design, construction, demolition and equipping of student housing, parking and ancillary facilities.

Louisiana Community Development Authority: $250 million in Revenue Refunding Bonds for the Westlake Chemical Corporation Projects to refinance Series 2007 GO Zone bonds, saving $101,375,000.

Ouachita Parish: $5 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation (Robinson Place II Project) for the acquisition, construction and equipping of a 50-unit multifamily housing development in Monroe.

Richland Parish: $69,000 Revenue Note for the Mangham Fire Protection District No. 4 for the construction, improvement and expansion of a fire station.

St. James Parish: $850,000 in Limited Tax Bonds for the St. James Parish Council for pre-construction design and engineering costs in connection with the widening of Highway 20 and other road improvements and repairs.

St. John the Baptist Parish: $4 million in Taxable Limited Tax Revenue Bonds (QZAB) for the St. John the Baptist Parish School Board to rehabilitate, repair and equip public school facilities.

St. Martin Parish: $13 million in General Obligation School Refunding Bonds for the St. Martin Parish School Board, School District, resulting in $535,294 in savings.

St. Tammany Parish: $2.5 million in Taxable Sewer Revenue Bonds for the Sewage District No. 1 (DEQ Project) for constructing, acquiring, extending and improving the sewer system.

Tangipahoa Parish: $10.5 million in Revenue and Refunding Bonds for the Sewerage District No. 1 to acquire, construct, extend and improve the sewerage system and refinance USDA Rural Development Bonds, saving $71,249.

Terrebonne Parish: $10 million in Revenue Bonds for the Terrebonne Levee and Conservation District for hurricane risk reduction projects.

Union Parish: $1.04 million in Taxable Water Revenue Bonds for the Waterworks District No. 1 (LDH Program) for constructing and acquiring improvements, renovations and replacements to the drinking water system, including equipment and fixtures.

Washington Parish: $7 million in Multifamily Housing Revenue Bonds for the Louisiana Housing Corporation (Pine Trace Homes II Project) for the acquisition, construction, rehabilitation and equipping of a 140-unit multifamily housing facility in Bogalusa.

Washington Parish: $6 million in Multifamily Housing Revenue Bonds (Volume Cap) for the Louisiana Housing Corporation (Pine Trace Homes I Project) for the acquisition, construction, rehabilitation and equipping of a 92-unit multifamily housing facility in Bogalusa.

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