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Thursday, 16 April 2015 13:46
Kennedy announces Louisiana Bond Commission approves $206M for projects
 


kennedy-officeThe State Bond Commission approved $206 million for projects statewide and saved taxpayers more than $6.4 million at its April 16 meeting, according to State Treasurer John Kennedy.
"We approved projects in parishes across Louisiana," said Treasurer Kennedy. "These are vital projects that include water, sewer and school system improvements as well as acquiring equipment for solid waste facilities."

 

Among the individual projects approved were:

  • Ascension Parish, $7.25 million in Revenue Refunding Bonds for the Ascension Parish Council: saving taxpayers $221,618.
  • Ascension Parish, $58.375 million in Revenue Refunding Bonds for the Louisiana Community Development Authority's East Ascension Consolidated Gravity Drainage District No. 1 project: saving taxpayers $4,516,163.
  • Bossier Parish, $15 million in Revenue Bonds for the Louisiana Community Development Authority's City of Bossier City, Louisiana Project: for additions, acquisition, repairs and/or expansions needed to maintain works of public improvement.
  • Bossier and Caddo Parishes, $3.1 million in Utility Revenue Bonds for the Caddo-Bossier Parishes Port Commission: for (1) construction and acquisition of redundant water facilities and improvements for the Water System and equipment and (2) funding a debt service reserve fund, if required.
  • Calcasieu Parish, $3.1 million in Revenue Bonds for the Louisiana Community Development Authority's City of Sulphur, Louisiana Project: for (1) renovating the Old Time Variety Store to create new public offices and new City Council Chambers, (2) renovating the old City Council Chambers and offices for use by the City's Police Department and (3) various other works of public improvement.
  • East Feliciana Parish, $800,000 in Taxable Utilities Revenue Bonds for the town of Jackson: for acquiring and constructing additions, extensions and improvements to the drinking water system including equipment and fixtures.
  • Iberville Parish, $8 million in Taxable Sales Tax Bonds for the Iberville Parish Council: for constructing, improving and extending the water system, including acquiring equipment.
  • Jefferson Parish, $50 million in Sales Tax School Bonds for the Jefferson Parish School Board: for (1) improvements to school facilities; (2) technology improvements; (3) acquisition of security cameras; (4) acquisition of school buses, and (5) other capital expenditures.
  • Livingston Parish, $19.7 million in Revenue Refunding Bonds for the city of Denham Springs: saving taxpayers $865,678.
  • Livingston Parish, $4.375 million in Revenue Refunding Bonds for the Louisiana Community Development Authority's Livingston Parish, Louisiana - Live Oaks Sports Complex Project: saving taxpayers $190,323.
  • Ouachita Parish, $1.8 million in Sewer Revenue Bonds for the Lakeshore Sewerage District No. 1: for (1) constructing and acquiring improvements, extensions, relocations and/or replacements to the system and (2) funding a debt service fund, if necessary.
  • St. Bernard Parish, $21 million in Taxable Utilities Revenue Bonds for the St. Bernard Parish Council: for constructing and acquiring additions, extensions and improvements to the water portion of the combined water and sewer system.
  • Tangipahoa Parish, $9.15 million in Limited Tax Revenue Refunding Bonds for the Hammond Area Recreation District No. 1: saving taxpayers $343,078.
  • Union Parish, $350,000 in Sales Tax Bonds for the Union Parish Police Jury: for acquiring equipment to be used for operating solid waste collection and disposal facilities.
  • Union Parish, $2.5 million in Water Revenue Notes for the town of Farmerville: for constructing and acquiring improvements, extensions and replacements to the water system including appurtenant equipment, accessories and properties.
  • Vernon Parish, $650,000 in Sewer Revenue Bonds for the town of New Llano: for acquiring and constructing extensions and improvements to the sewerage system, including appurtenant equipment and fixtures.
  • West Baton Rouge Parish, $1.225 million in Revenue Refunding Bonds for the West Baton Rouge Parish Council: saving taxpayers $306,781.

The Louisiana State Bond Commission meets monthly to review and approve applications from parishes, municipalities, special taxing districts, and other political subdivisions of the State requesting authority to incur debt. For more information, visit www.LATreasury.com.
(Source: Press Release)

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