BATON ROUGE, LA - The State Bond Commission has approved over $72 million for projects statewide and $5.2 million in savings by refinancing existing public debt at its January 19th meeting, according to State Treasurer John Kennedy.
Three North Louisiana parishes and/or municipalities were among the beneficiaries of the project fundings released.
Lincoln Parish, Village of Simsboro, $120,000 in DEQ ARRA Sewer Revenue Bonds: to acquire, construct and install improvements, extensions and additions to sewer system.
Union Parish, Waterworks District No. 1, $600,000 in Certificates of Indebtedness: For improvements to the water system, including construction of a pre-owned water tank, including removal of the old tank and water line distribution improvements.
Winn Parish, City of Winnfield, $2.5 million in Water Revenue Bonds: To construct and acquire improvements, extensions and replacements to the waterworks system, including equipment and furnishings.
At the same time, the Bond Commission approved funding for a number of South Louisiana Parishes. Among the individual projects the Bond Commission approved in South Louisiana are:
- Iberia Parish, Iberia Parish Council, Economic Development District No. 1, $10 million in Sales Tax Bonds: For economic development projects in the Port of Iberia, the Acadiana Regional Airport, the Port's Millennium Project and other economic development projects.
- Orleans Parish, Louisiana Community Development Authority, New Orleans Military and Maritime Academy Inc. Project, $11 million in Revenue Bonds: To finance the location of the permanent operations of the Academy at Federal City, including the design, rehabilitation, demolition, construction and equipping of buildings with a combination of classrooms, halls and office and/or conference rooms and related site improvements and fund a debt service reserve fund.
- Orleans Parish, Louisiana Housing Finance Agency, 1501 Canal Senior Housing Project, $22 million in Multifamily Housing Revenue Bonds: To acquire, rehabilitate/convert an unoccupied commercial building into a 112-unit residential facility.
- Orleans Parish, Louisiana Community Development Authority, Peace Lake Apartments Project, $12 million in Multifamily Housing Revenue Bonds: To acquire, rehabilitate and equip a 130 unit multifamily housing complex.
- Rapides Parish, Rapides Parish Police Jury, $725,000 in Public Improvement Sales Tax Bonds for capital improvements.
- St. Bernard Parish, St. Bernard Parish Council, $10 million in Sales Tax Bonds for capital improvements.
- St. Mary Parish, City of Morgan City, $4 million in Sales Tax Bonds: To construct, improve, resurface, maintain and provide street, drainage for public streets, alleys, sidewalks and public wharves, and to acquire equipment.
- Lafayette Parish, City of Lafayette, $4.6 million in savings.
- Vernon Parish, Vernon Parish School Board, Pitkin School District No. 144, $258,000 in savings.
- Vernon Parish, Vernon Parish School Board, Wardwide School District, Ward 7, $210,000 in savings.
- West Feliciana Parish, West Feliciana Parish School Board, Consolidated School District No. 1, $138,000 in savings.
