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Louisiana State Bond Commission Approves Nearly $160 Million for Statewide Projects

For Release On:

October 23, 2013

Baton Rouge: The State Bond Commission approved nearly $160 million for projects statewide and over $814,000 in savings from refinancing existing public debt at its October 17 meeting, according to State Treasurer John Kennedy.

"We saved taxpayers money by refinancing $9 million of public debt in St. Tammany Parish," said Treasurer Kennedy. "In addition, the Bond Commission approved bonds to finance a variety of infrastructure projects including improvements to ports, housing and law enforcement facilities across the state."

Among the individual projects approved were:

East Baton Rouge Parish, City of Zachary (DEQ Project), $5 million in Utilities Revenue Bonds: for constructing and acquiring sewer system improvements and extensions.

St. Charles Parish, St. Charles Parish Law Enforcement District, $7.5 million in Limited Tax Bonds: for building and improving law enforcement facilities.

Union Parish, Hospital Service District No. 1, Wards 3, 4 and 10, $2 million in Hospital Revenue Bonds ($1.55 million in Revenue Bonds and $450,000 in Refunding Bonds): to make improvements and renovations to Reeves Medical Center.

Louisiana Housing Corporation, (Holy Family Apartments Project), approximately $11.02 million in Multifamily Housing Revenue Bonds (Volume Cap): for the construction, rehabilitation and equipping of a multifamily apartment facility located in Lafayette.

Louisiana Housing Corporation, (Beechgrove Apartments Project), $6.205 million in Multifamily Housing Revenue Bonds (Volume Cap): for the construction, rehabilitation and equipping of a multifamily apartment facility located in Westwego.

Calcasieu Parish, Lake Charles Harbor and Terminal District, $100 million in Revenue Bonds: for the construction of a dock, wharf and other related improvements.

Ouachita Parish, Greater Ouachita Water Company, $19 million in Waterworks and Natural Gas System Revenue Bonds: for infrastructure improvements to a waterworks plant and system, natural gas plant and system and sewer system.

Plaquemines Parish, Plaquemines Port, Harbor and Terminal District, $9.5 million in Revenue Bonds: to fund capital improvements.

The Commission also approved over $814,000 in savings for local governments by refinancing existing debt. Among the savings were:

St. Tammany Parish, Hospital Service District No. 2, $1 million in Taxable General Obligation Refunding Bonds: approximately $115,500 in savings.

St. Tammany Parish, Hospital Service District No. 2, $8 million in General Obligation Refunding Bonds: approximately $699,000 in savings.


Additional Contact Information:


Contact Name Contact Phone  
Sarah Mulhearn (225) 342-0012  
 
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