Panel Also Approves $10.8 Million in Interest Savings

BATON ROUGE, LA – The State Bond Commission approved $77.1 million for projects statewide and $10.8 million in interest savings today, according to State Treasurer Ron Henson.

Local governments will be able to continue to provide a variety of public services because of this funding,” said Treasurer Henson. “One example is a community disaster loan for a Baton Rouge fire station impacted by the August flooding. The station will be able to use this loan to continue providing fire protection services.”

Among the individual projects approved were:

Avoyelles Parish: $1 million in Limited Tax Certificates of Indebtedness for the Avoyelles Parish Police Jury, Road District No. 2 for constructing and improving streets, bridges, and drainage, and for purchasing equipment.

Bossier Parish: $500,000 in Limited Tax Certificates of Indebtedness for the Northeast Bossier Fire Protection District No. 5: for acquiring, constructing and improving fire protection and emergency medical service facilities and equipment.

East Baton Rouge Parish: $355,125 in Revenue Anticipation Notes (Community Disaster Loan) for operating costs related to the August flooding.

Louisiana Housing Corporation: $30 million in Single Family Mortgage Revenue Refunding Bonds: resulting in $10.8 million in gross savings.

Orleans Parish: $34.25 million in Federal New Market Tax Credits and related financing to rehab Booker T. Washington school and transition it to a charter school.

St. Charles Parish: $8 million in Taxable Limited Tax Bonds for the St. Charles Parish Council’s DEQ Project: for improving wastewater facilities and systems including those owned by Consolidated Waterworks and Wastewater District No. 1.

West Baton Rouge Parish: $3 million in Taxable Sewer Revenue Bonds (DEQ Project) for the Town of Addis for sewage system improvements.

The Bond Commission will hold a General Obligation bond sale on Wednesday, March 22. Its next regular meeting will be held April 20.

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